Xiwang Foodstuffs Co.,Ltd. Posted 746.8 Million Yuan Net Loss in 2022

Xiwang Foodstuffs Co.,Ltd. (西王食品股份有限公司) (000639.SZ) reported a net loss of 746.8 million yuan in 2022, reversing a net profit of 224.5 million yuan for the previous year.

Meanwhile, the company posted 6.1 billion yuan in revenue, down 4.5% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 44.6%.