Ccoop Group Co.,Ltd. Posted 94.5 Million Yuan Net Loss in First Quarter of 2023

Ccoop Group Co.,Ltd. (供销大集集团股份有限公司) (000564.SZ) reported a net loss of 94.5 million yuan in the first quarter of 2023, reversing a net profit of 7.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 367.9 million yuan in revenue, up 1.6% year-on-year.

At the end of the reporting period, it had 27.8 billion yuan in total assets and 16 billion yuan in total liabilities, with a liability-to-asset ratio of 57.7%.