Luoniushan Co.,Ltd. Posted 38.6 Million Yuan Net Loss in First Quarter of 2022

Luoniushan Co.,Ltd. (罗牛山股份有限公司) (000735.SZ) reported a net loss of 38.6 million yuan in the first quarter of 2022, reversing a net profit of 46.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 526.4 million yuan in revenue, up 3.6% year-on-year.

At the end of the reporting period, it had 11 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 61.8%.