The Great Wall Of Culture Group Holding Co.,Ltd.Guangdong Posted 20.6 Million Yuan Net Loss in First Quarter of 2023

The Great Wall Of Culture Group Holding Co.,Ltd.Guangdong (广东文化长城集团股份有限公司) (300089.SZ) reported a net loss of 20.6 million yuan in the first quarter of 2023, narrowing 2.5% year-on-year.

Meanwhile, the company posted 8.2 million yuan in revenue, down 49.9% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 129.9%.