Alpha Group Posted 58.9 Million Yuan Net Profit in First Half of 2023

Alpha Group (奥飞娱乐股份有限公司) (002292.SZ) reported a net profit of 58.9 million yuan in the first half of 2023, reversing a net loss of 24.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 2.3% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 34.7%.