China Media Group Posted 230.1 Million Yuan Net Loss in First Three Quarters of 2022

China Media Group (华闻传媒投资集团股份有限公司) (000793.SZ) reported a net loss of 230.1 million yuan in the first three quarters of 2022, reversing a net profit of 55.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 568.6 million yuan in revenue, down 27.7% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49%.