Beijing Gehua Catv Network Co.,Ltd. Posted 58.4 Million Yuan Net Loss in First Quarter of 2023

Beijing Gehua Catv Network Co.,Ltd. (北京歌华有线电视网络股份有限公司) (600037.SH) reported a net loss of 58.4 million yuan in the first quarter of 2023, reversing a net profit of 97.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 524.7 million yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 16.1 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 18.9%.