Xinhuanet Co.,Ltd.’s Net Profit Rose 10.6% in First Three Quarters of 2023

Xinhuanet Co.,Ltd. (新华网股份有限公司) (603888.SH) reported a net profit of 146.9 million yuan in the first three quarters of 2023, up 10.6% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 6.7% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 30.4%.