Xiangpiaopiao Food Co.,Ltd. Posted 75 Million Yuan Net Loss in First Three Quarters of 2022

Xiangpiaopiao Food Co.,Ltd. (香飘飘食品股份有限公司) (603711.SH) reported a net loss of 75 million yuan in the first three quarters of 2022, reversing a net profit of 39.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 22.5% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 32.6%.