Beijing Yuanlong Yato Culture Dissemination Co.,Ltd. Posted 8.1 Million Yuan Net Loss in First Quarter of 2023

Beijing Yuanlong Yato Culture Dissemination Co.,Ltd. (北京元隆雅图文化传播股份有限公司) (002878.SZ) reported a net loss of 8.1 million yuan in the first quarter of 2023, reversing a net profit of 94.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 410.9 million yuan in revenue, down 58% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 561.8 million yuan in total liabilities, with a liability-to-asset ratio of 35.2%.