May 06, 2022 08:00 AM

The Great Wall Of Culture Group Holding Co.,Ltd.Guangdong Posted 21.2 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

The Great Wall Of Culture Group Holding Co.,Ltd.Guangdong (广东文化长城集团股份有限公司) (300089.SZ) reported a net loss of 21.2 million yuan in the first quarter of 2022, narrowing 3.7% year-on-year.

Meanwhile, the company posted 16.3 million yuan in revenue, down 14.9% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 120.5%.

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