Beijing Kingee Culture Development Co.,Ltd. Posted 446.3 Million Yuan Net Loss in First Half 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 446.3 million yuan in the first half of 2023, widening 40.7% year-on-year.

Meanwhile, the company posted 863.7 million yuan in revenue, down 9.5% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 185.9%.