Shanghai New Culture Media Group Co.,Ltd. Posted 153.3 Million Yuan Net Loss in 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 153.3 million yuan in 2022, narrowing 76.4% year-on-year.

Meanwhile, the company posted 126 million yuan in revenue, down 11.5% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 95.7%.