Ciwen Media Co.,Ltd.’s Net Profit Dropped 75.9% in First Quarter of 2023

Ciwen Media Co.,Ltd. (慈文传媒股份有限公司) (002343.SZ) reported a net profit of 12.9 million yuan in the first quarter of 2023, down 75.9% year-on-year.

Meanwhile, the company posted 238 million yuan in revenue, down 36.6% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 478 million yuan in total liabilities, with a liability-to-asset ratio of 32.7%.