Macrolink Culturaltainment Development Co.,Ltd. Posted 1.2 Billion Yuan Net Loss in First Half of 2023

Macrolink Culturaltainment Development Co.,Ltd. (新华联文化旅游发展股份有限公司) (000620.SZ) reported a net loss of 1.2 billion yuan in the first half of 2023, widening 23.9% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 18.7% year-on-year.

At the end of the reporting period, it had 38.9 billion yuan in total assets and 39.1 billion yuan in total liabilities, with a liability-to-asset ratio of 100.7%.