Hubei Radio&Television Information Network Co.,Ltd. Posted 101.8 Million Yuan Net Loss in First Quarter of 2022

Hubei Radio&Television Information Network Co.,Ltd. (湖北省广播电视信息网络股份有限公司) (000665.SZ) reported a net loss of 101.8 million yuan in the first quarter of 2022, widening 77% year-on-year.

Meanwhile, the company posted 478.7 million yuan in revenue, down 11.5% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 43.8%.