Xi'An Rongxin Culture Industrial Development Co.,Ltd.’s Net Profit Dropped 45.8% in First Half of 2023

Xi'An Rongxin Culture Industrial Development Co.,Ltd. (荣信教育文化产业发展股份有限公司) (301231.SZ) reported a net profit of 6.4 million yuan in the first half of 2023, down 45.8% year-on-year.

Meanwhile, the company posted 149 million yuan in revenue, down 10.7% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 70.2 million yuan in total liabilities, with a liability-to-asset ratio of 7.1%.