Shanghai New Culture Media Group Co.,Ltd. Posted 70.1 Million Yuan Net Loss in First Three Quarters 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 70.1 million yuan in the first three quarters of 2022, narrowing 59.1% year-on-year.

Meanwhile, the company posted 90.4 million yuan in revenue, down 29.5% year-on-year.

At the end of the reporting period, it had 657.6 million yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 174.7%.