Jiangsu Wanlin Modern Logistics Co.,Ltd. Posted 721.1 Million Yuan Net Loss in 2022

Jiangsu Wanlin Modern Logistics Co.,Ltd. (江苏万林现代物流股份有限公司) (603117.SH) reported a net loss of 721.1 million yuan in 2022, widening 98.3% year-on-year.

Meanwhile, the company posted 446 million yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 41.3%.