Shanghai New Culture Media Group Co.,Ltd. Posted 20.4 Million Yuan Net Loss in First Quarter of 2022

Shanghai New Culture Media Group Co.,Ltd. (上海新文化传媒集团股份有限公司) (300336.SZ) reported a net loss of 20.4 million yuan in the first quarter of 2022, widening 54.6% year-on-year.

Meanwhile, the company posted 25.6 million yuan in revenue, down 53.4% year-on-year.

At the end of the reporting period, it had 707.9 million yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 162.6%.