Suning.Com Co.,Ltd. Posted 1.1 Billion Yuan Net Loss in First Quarter of 2022

Suning.Com Co.,Ltd. (苏宁易购集团股份有限公司) (002024.SZ) reported a net loss of 1.1 billion yuan in the first quarter of 2022, reversing a net profit of 365 million yuan for the same period in the previous year.

Meanwhile, the company posted 19.4 billion yuan in revenue, down 64.1% year-on-year.

At the end of the reporting period, it had 169.3 billion yuan in total assets and 139.8 billion yuan in total liabilities, with a liability-to-asset ratio of 82.6%.