Wens Foodstuff Group Co.,Ltd. Posted 2.8 Billion Yuan Net Loss in First Quarter of 2023

Wens Foodstuff Group Co.,Ltd. (温氏食品集团股份有限公司) (300498.SZ) reported a net loss of 2.8 billion yuan in the first quarter of 2023, narrowing 25.9% year-on-year.

Meanwhile, the company posted 20 billion yuan in revenue, up 36.9% year-on-year.

At the end of the reporting period, it had 97.5 billion yuan in total assets and 57.8 billion yuan in total liabilities, with a liability-to-asset ratio of 59.2%.