Offcn Education Technology Co.,Ltd. Posted 82 Million Yuan Net Profit in First Half of 2023

Offcn Education Technology Co.,Ltd. (中公教育科技股份有限公司) (002607.SZ) reported a net profit of 82 million yuan in the first half of 2023, reversing a net loss of 890.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 22.4% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 89.4%.