Beijing Kingee Culture Development Co.,Ltd. Posted 173.8 Million Yuan Net Loss in First Quarter of 2023

Beijing Kingee Culture Development Co.,Ltd. (北京金一文化发展股份有限公司) (002721.SZ) reported a net loss of 173.8 million yuan in the first quarter of 2023, widening 37.5% year-on-year.

Meanwhile, the company posted 564.3 million yuan in revenue, down 8% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 8.3 billion yuan in total liabilities, with a liability-to-asset ratio of 177.4%.