Suning.Com Co.,Ltd. Posted 181.5 Million Yuan Net Loss in First Quarter of 2023

Suning.Com Co.,Ltd. (苏宁易购集团股份有限公司) (002024.SZ) reported a net loss of 181.5 million yuan in the first quarter of 2023, narrowing 84% year-on-year.

Meanwhile, the company posted 15.9 billion yuan in revenue, down 18.1% year-on-year.

At the end of the reporting period, it had 144.7 billion yuan in total assets and 129.8 billion yuan in total liabilities, with a liability-to-asset ratio of 89.7%.