Joyvio Food Co.,Ltd. Posted 172.8 Million Yuan Net Loss in First Quarter of 2023

Joyvio Food Co.,Ltd. (佳沃食品股份有限公司) (300268.SZ) reported a net loss of 172.8 million yuan in the first quarter of 2023, reversing a net profit of 149.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 19.1% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 11 billion yuan in total liabilities, with a liability-to-asset ratio of 102.2%.