Guangdong South New Media Co.,Ltd.’s Net Profit Dropped 2.6% in First Three Quarters of 2023

Guangdong South New Media Co.,Ltd. (广东南方新媒体股份有限公司) (300770.SZ) reported a net profit of 499.5 million yuan in the first three quarters of 2023, down 2.6% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 0.3% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 25.8%.