Wanda Film Holding Co.,Ltd. Posted 2 Billion Yuan Net Loss in 2022

Wanda Film Holding Co.,Ltd. (万达电影股份有限公司) (002739.SZ) reported a net loss of 2 billion yuan in 2022, reversing a net profit of 116.2 million yuan for the previous year.

Meanwhile, the company posted 9.7 billion yuan in revenue, down 22.4% year-on-year.

At the end of the reporting period, it had 26.7 billion yuan in total assets and 19.5 billion yuan in total liabilities, with a liability-to-asset ratio of 73%.