Tangel Publishing Co.,Ltd. Posted 6.4 Million Yuan Net Loss in First Quarter of 2022

Tangel Publishing Co.,Ltd. (天舟文化股份有限公司) (300148.SZ) reported a net loss of 6.4 million yuan in the first quarter of 2022, reversing a net profit of 20 million yuan for the same period in the previous year.

Meanwhile, the company posted 73.4 million yuan in revenue, down 32% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 346.7 million yuan in total liabilities, with a liability-to-asset ratio of 18%.