Shanghai Xuerong Biological Technology Co.,Ltd. Posted 111.5 Million Yuan Net Loss in First Half of 2022

Shanghai Xuerong Biological Technology Co.,Ltd. (上海雪榕生物科技股份有限公司) (300511.SZ) reported a net loss of 111.5 million yuan in the first half of 2022, widening 24% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.