Xiwang Foodstuffs Co.,Ltd. Posted 14.2 Million Yuan Net Loss in First Half of 2022

Xiwang Foodstuffs Co.,Ltd. (西王食品股份有限公司) (000639.SZ) reported a net loss of 14.2 million yuan in the first half of 2022, reversing a net profit of 150.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 4.2% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 42.7%.