Shanghai Longyun Cultural Creation&Technology Group Co.,Ltd. Posted 5.9 Million Yuan Net Loss in First Quarter of 2023

Shanghai Longyun Cultural Creation&Technology Group Co.,Ltd. (上海龙韵文创科技集团股份有限公司) (603729.SH) reported a net loss of 5.9 million yuan in the first quarter of 2023, reversing a net profit of 3.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 62.3 million yuan in revenue, down 60.1% year-on-year.

At the end of the reporting period, it had 613.5 million yuan in total assets and 274.8 million yuan in total liabilities, with a liability-to-asset ratio of 44.8%.