Tvzone Media Co.,Ltd. Posted 6.3 Million Yuan Net Loss in First Half of 2023

Tvzone Media Co.,Ltd. (中广天择传媒股份有限公司) (603721.SH) reported a net loss of 6.3 million yuan in the first half of 2023, reversing a net profit of 4.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 93.2 million yuan in revenue, up 13.8% year-on-year.

At the end of the reporting period, it had 911.2 million yuan in total assets and 352.7 million yuan in total liabilities, with a liability-to-asset ratio of 38.7%.