Guangdong Guangzhou Daily Media Co.,Ltd.’s Net Profit Dropped 80.2% in First Three Quarters of 2023

Guangdong Guangzhou Daily Media Co.,Ltd. (广东广州日报传媒股份有限公司) (002181.SZ) reported a net profit of 5.4 million yuan in the first three quarters of 2023, down 80.2% year-on-year.

Meanwhile, the company posted 377.4 million yuan in revenue, up 3.7% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 19.1%.