Jiangsu Zongyi Co.,Ltd. Posted 189.1 Million Yuan Net Loss in First Quarter of 2022

Jiangsu Zongyi Co.,Ltd. (江苏综艺股份有限公司) (600770.SH) reported a net loss of 189.1 million yuan in the first quarter of 2022, reversing a net profit of 11.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 92.5 million yuan in revenue, down 16.9% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 16.7%.