Songcheng Performance Development Co.,Ltd. Posted 301.5 Million Yuan Net Profit in First Half of 2023

Songcheng Performance Development Co.,Ltd. (宋城演艺发展股份有限公司) (300144.SZ) reported a net profit of 301.5 million yuan in the first half of 2023, reversing a net loss of 45.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 740.5 million yuan in revenue, up 562.9% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 16.3%.