Wuhan Ddmc Culture&Sports Co.,Ltd. Posted 1.9 Billion Yuan Net Loss in First Half of 2023

Wuhan Ddmc Culture&Sports Co.,Ltd. (武汉当代明诚文化体育集团股份有限公司) (600136.SH) reported a net loss of 1.9 billion yuan in the first half of 2023, widening 268.5% year-on-year.

Meanwhile, the company posted 353.1 million yuan in revenue, down 50.1% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 8.6 billion yuan in total liabilities, with a liability-to-asset ratio of 445.1%.