Renrenle Commercial Group Co.,Ltd. Posted 507.2 Million Yuan Net Loss in 2022

Renrenle Commercial Group Co.,Ltd. (人人乐连锁商业集团股份有限公司) (002336.SZ) reported a net loss of 507.2 million yuan in 2022, narrowing 40.8% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, down 22.1% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 97.7%.