Hengxin Shambala Culture Co.,Ltd. Posted 29.2 Million Yuan Net Loss in First Quarter of 2023

Hengxin Shambala Culture Co.,Ltd. (恒信东方文化股份有限公司) (300081.SZ) reported a net loss of 29.2 million yuan in the first quarter of 2023, narrowing 6.6% year-on-year.

Meanwhile, the company posted 97.2 million yuan in revenue, up 48.5% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 366.8 million yuan in total liabilities, with a liability-to-asset ratio of 18.4%.