Hengxin Shambala Culture Co.,Ltd. Posted 83.8 Million Yuan Net Loss in First Half of 2023

Hengxin Shambala Culture Co.,Ltd. (恒信东方文化股份有限公司) (300081.SZ) reported a net loss of 83.8 million yuan in the first half of 2023, narrowing 2.2% year-on-year.

Meanwhile, the company posted 176.8 million yuan in revenue, up 25.2% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 375.3 million yuan in total liabilities, with a liability-to-asset ratio of 19.3%.