Xiwang Foodstuffs Co.,Ltd. Posted 23.4 Million Yuan Net Loss in First Quarter of 2022

Xiwang Foodstuffs Co.,Ltd. (西王食品股份有限公司) (000639.SZ) reported a net loss of 23.4 million yuan in the first quarter of 2022, reversing a net profit of 92.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 15.1% year-on-year.

At the end of the reporting period, it had 7.7 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 42.4%.