Shandong Ruyi Woolen Garment Group Co.,Ltd. Posted 32.7 Million Yuan Net Loss in First Quarter of 2023

Shandong Ruyi Woolen Garment Group Co.,Ltd. (山东如意毛纺服装集团股份有限公司) (002193.SZ) reported a net loss of 32.7 million yuan in the first quarter of 2023, reversing a net profit of 785,275 yuan for the same period in the previous year.

Meanwhile, the company posted 70.9 million yuan in revenue, down 48.9% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 42.2%.