Wuhan Ddmc Culture&Sports Co.,Ltd. Posted 200.1 Million Yuan Net Loss in First Quarter of 2023

Wuhan Ddmc Culture&Sports Co.,Ltd. (武汉当代明诚文化体育集团股份有限公司) (600136.SH) reported a net loss of 200.1 million yuan in the first quarter of 2023, widening 8.4% year-on-year.

Meanwhile, the company posted 127.7 million yuan in revenue, down 67% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 7.1 billion yuan in total liabilities, with a liability-to-asset ratio of 320.4%.