Wuhan Ddmc Culture&Sports Co.,Ltd. Posted 2 Billion Yuan Net Loss in First Three Quarters 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 2 billion yuan in the first three quarters of 2023, widening 157% year-on-year.

Meanwhile, the company posted 376.3 million yuan in revenue, down 56.5% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 8.5 billion yuan in total liabilities, with a liability-to-asset ratio of 465.9%.