Hunan Tianrun Digital Entertainment&Cultural Media Co.,Ltd. Posted 17.2 Million Yuan Net Loss in First Quarter of 2023

Hunan Tianrun Digital Entertainment&Cultural Media Co.,Ltd. (湖南天润数字娱乐文化传媒股份有限公司) (002113.SZ) reported a net loss of 17.2 million yuan in the first quarter of 2023, narrowing 2.2% year-on-year.

Meanwhile, the company posted 47.7 million yuan in revenue, down 31.8% year-on-year.

At the end of the reporting period, it had 936 million yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 108.6%.