Guangzhou Jinyi Media Corporation Limited Posted 23.4 Million Yuan Net Profit in First Half of 2023

Guangzhou Jinyi Media Corporation Limited (广州金逸影视传媒股份有限公司) (002905.SZ) reported a net profit of 23.4 million yuan in the first half of 2023, reversing a net loss of 197.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 657.7 million yuan in revenue, up 38.5% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 96%.