Better Life Commercial Chain Share Co.,Ltd. Posted 94.7 Million Yuan Net Loss in First Quarter of 2023

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 94.7 million yuan in the first quarter of 2023, reversing a net profit of 34.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 68.8% year-on-year.

At the end of the reporting period, it had 26.9 billion yuan in total assets and 21.9 billion yuan in total liabilities, with a liability-to-asset ratio of 81.4%.