China Media Group Posted 842.5 Million Yuan Net Loss in 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 842.5 million yuan in 2022, reversing a net profit of 67 million yuan for the previous year.

Meanwhile, the company posted 759.1 million yuan in revenue, down 24.8% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 55.1%.