Shanghai New Culture Media Group Co.,Ltd. Posted 51.6 Million Yuan Net Loss in First Half 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 51.6 million yuan in the first half of 2022, narrowing 46.2% year-on-year.

Meanwhile, the company posted 39.7 million yuan in revenue, down 54.5% year-on-year.

At the end of the reporting period, it had 642.2 million yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 173.9%.