Beijing Kingee Culture Development Co.,Ltd. Posted 3.7 Billion Yuan Net Loss in 2022

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 3.7 billion yuan in 2022, widening 160.1% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 38.2% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 8.2 billion yuan in total liabilities, with a liability-to-asset ratio of 171.8%.