Apr 28, 2022 08:00 AM

Wens Foodstuff Group Co.,Ltd. Posted 3.8 Billion Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Wens Foodstuff Group Co.,Ltd. (温氏食品集团股份有限公司) (300498.SZ) reported a net loss of 3.8 billion yuan in the first quarter of 2022, reversing a net profit of 591.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 14.6 billion yuan in revenue, down 13.2% year-on-year.

At the end of the reporting period, it had 93.4 billion yuan in total assets and 62.1 billion yuan in total liabilities, with a liability-to-asset ratio of 66.5%.

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