Shandong Huifa Foodstuff Co.,Ltd. Posted 124.1 Million Yuan Net Loss in 2022

Shandong Huifa Foodstuff Co.,Ltd. (山东惠发食品股份有限公司) (603536.SH) reported a net loss of 124.1 million yuan in 2022, narrowing 11.3% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 4.3% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 68.4%.