Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. Posted 70.6 Million Yuan Net Loss in 2022

Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. (天津桂发祥十八街麻花食品股份有限公司) (002820.SZ) reported a net loss of 70.6 million yuan in 2022, reversing a net profit of 21.3 million yuan for the previous year.

Meanwhile, the company posted 236.3 million yuan in revenue, down 41.7% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 80.1 million yuan in total liabilities, with a liability-to-asset ratio of 7.8%.