Focus Media Information Technology Co.,Ltd.’s Net Profit Dropped 53.5% in 2022

Focus Media Information Technology Co.,Ltd. (分众传媒信息技术股份有限公司) (002027.SZ) reported a net profit of 2.8 billion yuan in 2022, down 53.5% year-on-year.

Meanwhile, the company posted 9.4 billion yuan in revenue, down 36.5% year-on-year.

At the end of the reporting period, it had 25.2 billion yuan in total assets and 7.9 billion yuan in total liabilities, with a liability-to-asset ratio of 31.5%.