Qingdao Citymedia Co.,Ltd.’s Net Profit Rose 10.9% in First Quarter of 2023

Qingdao Citymedia Co.,Ltd. (青岛城市传媒股份有限公司) (600229.SH) reported a net profit of 96.4 million yuan in the first quarter of 2023, up 10.9% year-on-year.

Meanwhile, the company posted 637.3 million yuan in revenue, up 10.2% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 25.8%.