Tvzone Media Co.,Ltd. Posted 3.8 Million Yuan Net Loss in First Three Quarters of 2023

Tvzone Media Co.,Ltd. (中广天择传媒股份有限公司) (603721.SH) reported a net loss of 3.8 million yuan in the first three quarters of 2023, reversing a net profit of 8 million yuan for the same period in the previous year.

Meanwhile, the company posted 156.1 million yuan in revenue, up 17.9% year-on-year.

At the end of the reporting period, it had 884.6 million yuan in total assets and 323.7 million yuan in total liabilities, with a liability-to-asset ratio of 36.6%.