China Media Group Posted 43.5 Million Yuan Net Loss in First Quarter of 2022

China Media Group (华闻传媒投资集团股份有限公司) (000793.SZ) reported a net loss of 43.5 million yuan in the first quarter of 2022, narrowing 6.1% year-on-year.

Meanwhile, the company posted 214.1 million yuan in revenue, down 24.1% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.1%.