Shanghai Xuerong Biological Technology Co.,Ltd. Posted 394.1 Million Yuan Net Loss in 2022

Shanghai Xuerong Biological Technology Co.,Ltd. (上海雪榕生物科技股份有限公司) (300511.SZ) reported a net loss of 394.1 million yuan in 2022, widening 12.2% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 11.9% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 60.1%.