Yantai Shuangta Food Co.,Ltd. Posted 196 Million Yuan Net Loss in First Three Quarters of 2022

Yantai Shuangta Food Co.,Ltd. (烟台双塔食品股份有限公司) (002481.SZ) reported a net loss of 196 million yuan in the first three quarters of 2022, reversing a net profit of 229.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 24.6% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 39.8%.