Shanghai Xinhua Media Co.,Ltd. Posted 1.7 Million Yuan Net Loss in First Quarter of 2022

Shanghai Xinhua Media Co.,Ltd. (上海新华传媒股份有限公司) (600825.SH) reported a net loss of 1.7 million yuan in the first quarter of 2022, narrowing 48.5% year-on-year.

Meanwhile, the company posted 181.2 million yuan in revenue, down 8.4% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 38.3%.