Shulou(Shulou.com)11/24 Report--

According to the news on the evening of September 6, Beijing time, Lanting Ji Shi today released its results for the second quarter of 2022, which ended on June 30. Total revenue in the second quarter was $132.4 million, up 8.3 per cent from $122.2 million a year earlier, according to the financial report. The net loss was $2.4 million, compared with a net profit of $9.5 million in the same period last year.

Second quarter results:

Total revenue was $132.4 million, up 8.3% from $122.2 million a year earlier.

Revenue costs were $59.2 million, compared with $65.1 million a year earlier.

Gross profit was $73.2 million, compared with $57.1 million a year earlier. The gross profit margin was 55.3%, compared with 46.8% in the same period last year.

Total operating expenses were $75.6 million, compared with $60.6 million in the same period last year.

The operating loss was $2.5 million, compared with an operating loss of $3.5 million in the same period last year.

The net loss was $2.4 million, compared with a net profit of $9.5 million in the same period last year.

As of June 30, 2022, the total amount of cash, cash equivalents and restricted cash held by Lanting Group Power was $65.7 million, compared with $59.6 million as of December 31, 2021.

Results for the first half of 2022:

Total revenue was $226.1 million, down 3.5 per cent from $234.2 million a year earlier.

Revenue costs were $105.5 million, compared with $1.248 a year earlier.

Gross profit was $120.7 million, compared with $109.4 million a year earlier. The gross profit margin was 53.4%, compared with 46.7% in the same period last year.

Total operating expenses were $129.5 million, compared with $111.5 million in the same period last year.

The net loss was $7.9 million, compared with a net profit of $10.9 million in the same period last year.

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