Better Life Commercial Chain Share Co.,Ltd. Posted 2.5 Billion Yuan Net Loss in 2022

Better Life Commercial Chain Share Co.,Ltd. (步步高商业连锁股份有限公司) (002251.SZ) reported a net loss of 2.5 billion yuan in 2022, widening 1419.2% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, down 34.5% year-on-year.

At the end of the reporting period, it had 27.9 billion yuan in total assets and 22.7 billion yuan in total liabilities, with a liability-to-asset ratio of 81.4%.