Luoniushan Co.,Ltd. Posted 8 Million Yuan Net Loss in First Half of 2022

Luoniushan Co.,Ltd. (罗牛山股份有限公司) (000735.SZ) reported a net loss of 8 million yuan in the first half of 2022, reversing a net profit of 34.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 18.6% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 60.5%.