Shanghai Xinnanyang Only Education&Technology Co.,Ltd. Posted 105.3 Million Yuan Net Loss in First Half of 2023

Shanghai Xinnanyang Only Education&Technology Co.,Ltd. (上海新南洋昂立教育科技股份有限公司) (600661.SH) reported a net loss of 105.3 million yuan in the first half of 2023, reversing a net profit of 58.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 407.2 million yuan in revenue, up 17.4% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 78%.