Macrolink Culturaltainment Development Co.,Ltd. Posted 3.4 Billion Yuan Net Loss in 2022

Macrolink Culturaltainment Development Co.,Ltd. (新华联文化旅游发展股份有限公司) (000620.SZ) reported a net loss of 3.4 billion yuan in 2022, narrowing 10.9% year-on-year.

Meanwhile, the company posted 5.3 billion yuan in revenue, down 38.9% year-on-year.

At the end of the reporting period, it had 39.3 billion yuan in total assets and 38.5 billion yuan in total liabilities, with a liability-to-asset ratio of 97.9%.