Huayi Brothers Media Corporation Posted 133.5 Million Yuan Net Loss in First Quarter of 2022

Huayi Brothers Media Corporation (华谊兄弟传媒股份有限公司) (300027.SZ) reported a net loss of 133.5 million yuan in the first quarter of 2022, reversing a net profit of 224.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 132.2 million yuan in revenue, down 66.7% year-on-year.

At the end of the reporting period, it had 6.8 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.