Shanghai Xinhua Media Co.,Ltd. Posted 4.1 Million Yuan Net Loss in First Three Quarters of 2022

Shanghai Xinhua Media Co.,Ltd. (上海新华传媒股份有限公司) (600825.SH) reported a net loss of 4.1 million yuan in the first three quarters of 2022, reversing a net profit of 23.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 756.8 million yuan in revenue, down 13.8% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 38%.