New Hope Liuhe Co.,Ltd. Posted 2 Billion Yuan Net Loss in First Quarter of 2023

New Hope Liuhe Co.,Ltd. (新希望六和股份有限公司) (000876.SZ) reported a net loss of 2 billion yuan in the first quarter of 2023, narrowing 42.6% year-on-year.

Meanwhile, the company posted 33.9 billion yuan in revenue, up 14.9% year-on-year.

At the end of the reporting period, it had 134.8 billion yuan in total assets and 94.9 billion yuan in total liabilities, with a liability-to-asset ratio of 70.4%.