Ciwen Media Co.,Ltd.’s Net Profit Dropped 48% in First Half of 2023

Ciwen Media Co.,Ltd. (慈文传媒股份有限公司) (002343.SZ) reported a net profit of 27.3 million yuan in the first half of 2023, down 48% year-on-year.

Meanwhile, the company posted 439.9 million yuan in revenue, up 11.5% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 220.6 million yuan in total liabilities, with a liability-to-asset ratio of 18.1%.