Beijing Sinnet Technology Co.,Ltd.’s Net Profit Dropped 8.9% in First Half of 2023

Beijing Sinnet Technology Co.,Ltd. (北京光环新网科技股份有限公司) (300383.SZ) reported a net profit of 276.5 million yuan in the first half of 2023, down 8.9% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, up 5.5% year-on-year.

At the end of the reporting period, it had 20 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 35.2%.