Yantai Shuangta Food Co.,Ltd. Posted 61 Million Yuan Net Loss in First Quarter of 2023

Yantai Shuangta Food Co.,Ltd. (烟台双塔食品股份有限公司) (002481.SZ) reported a net loss of 61 million yuan in the first quarter of 2023, reversing a net profit of 51.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 523.9 million yuan in revenue, up 16.6% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 35.4%.