Beijing Gehua Catv Network Co.,Ltd. Posted 97.7 Million Yuan Net Profit in First Quarter of 2022

Beijing Gehua Catv Network Co.,Ltd. (北京歌华有线电视网络股份有限公司) (600037.SH) reported a net profit of 97.7 million yuan in the first quarter of 2022, reversing a net loss of 8.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 519.7 million yuan in revenue, down 4.3% year-on-year.

At the end of the reporting period, it had 16.1 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 19.7%.