Shandong Huifa Foodstuff Co.,Ltd. Posted 16.8 Million Yuan Net Loss in First Quarter of 2023

Shandong Huifa Foodstuff Co.,Ltd. (山东惠发食品股份有限公司) (603536.SH) reported a net loss of 16.8 million yuan in the first quarter of 2023, narrowing 45.6% year-on-year.

Meanwhile, the company posted 389 million yuan in revenue, up 24.5% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 69.7%.