Macrolink Culturaltainment Development Co.,Ltd. Posted 1.8 Billion Yuan Net Loss in First Three Quarters 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 1.8 billion yuan in the first three quarters of 2023, widening 19.7% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 37.8 billion yuan in total assets and 38.6 billion yuan in total liabilities, with a liability-to-asset ratio of 102.1%.