Shanghai Xuerong Biological Technology Co.,Ltd. Posted 7 Million Yuan Net Loss in First Three Quarters 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 7 million yuan in the first three quarters of 2022, narrowing 95.1% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 15.4% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 55.7%.