Apr 29, 2023 08:00 AM

Xinhuanet Co.,Ltd.’s Net Profit Rose 27.2% in First Quarter of 2023

00:00

00:00/00:00

Listen to this article 1x

Xinhuanet Co.,Ltd. (新华网股份有限公司) (603888.SH) reported a net profit of 25.8 million yuan in the first quarter of 2023, up 27.2% year-on-year.

Meanwhile, the company posted 324.8 million yuan in revenue, up 7.1% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 33.6%.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently

5: China Rolls Out Subsidized Consumer Loans to Boost Spending