Shanghai Xinhua Media Co.,Ltd.’s Net Profit Rose 935.6% in First Half of 2023

Shanghai Xinhua Media Co.,Ltd. (上海新华传媒股份有限公司) (600825.SH) reported a net profit of 34.2 million yuan in the first half of 2023, up 935.6% year-on-year.

Meanwhile, the company posted 607.2 million yuan in revenue, up 14.7% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 37.5%.