Beijing Bashi Media Co.,Ltd. Posted 4.6 Million Yuan Net Loss in First Quarter of 2023

Beijing Bashi Media Co.,Ltd. (北京巴士传媒股份有限公司) (600386.SH) reported a net loss of 4.6 million yuan in the first quarter of 2023, reversing a net profit of 15 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 16.5% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 55%.