Xinhuanet Co.,Ltd.’s Net Profit Rose 10.1% in First Half of 2023

Xinhuanet Co.,Ltd. (新华网股份有限公司) (603888.SH) reported a net profit of 112.3 million yuan in the first half of 2023, up 10.1% year-on-year.

Meanwhile, the company posted 815.9 million yuan in revenue, up 16.4% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 35%.