China Media Group Posted 21.7 Million Yuan Net Loss in First Quarter of 2023

China Media Group (华闻传媒投资集团股份有限公司) (000793.SZ) reported a net loss of 21.7 million yuan in the first quarter of 2023, narrowing 50.1% year-on-year.

Meanwhile, the company posted 138.5 million yuan in revenue, down 35.3% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.7%.