Hainan Yedao(Group) Co.,Ltd. Posted 15.5 Million Yuan Net Loss in First Quarter of 2023

Hainan Yedao(Group) Co.,Ltd. (海南椰岛(集团)股份有限公司) (600238.SH) reported a net loss of 15.5 million yuan in the first quarter of 2023, reversing a net profit of 29.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 76.2 million yuan in revenue, down 54.9% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 768.8 million yuan in total liabilities, with a liability-to-asset ratio of 65.9%.