Hengxin Shambala Culture Co.,Ltd. Posted 121 Million Yuan Net Loss in First Three Quarters 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 121 million yuan in the first three quarters of 2023, narrowing 8.6% year-on-year.

Meanwhile, the company posted 310.8 million yuan in revenue, up 51% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 326.8 million yuan in total liabilities, with a liability-to-asset ratio of 17.6%.