China Media Group Posted 70.4 Million Yuan Net Loss in First Half of 2023

China Media Group (华闻传媒投资集团股份有限公司) (000793.SZ) reported a net loss of 70.4 million yuan in the first half of 2023, narrowing 18.9% year-on-year.

Meanwhile, the company posted 337.2 million yuan in revenue, down 10.5% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 53.5%.