Beijing Kingee Culture Development Co.,Ltd. Posted 126.4 Million Yuan Net Loss in First Quarter of 2022

Beijing Kingee Culture Development Co.,Ltd. (北京金一文化发展股份有限公司) (002721.SZ) reported a net loss of 126.4 million yuan in the first quarter of 2022, widening 0.1% year-on-year.

Meanwhile, the company posted 613.7 million yuan in revenue, down 45.1% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 91.1%.