Xinjiang Youhao(Group) Co.,Ltd. Posted 98.1 Million Yuan Net Loss in First Half of 2023

Xinjiang Youhao(Group) Co.,Ltd. (新疆友好(集团)股份有限公司) (600778.SH) reported a net loss of 98.1 million yuan in the first half of 2023, reversing a net profit of 80.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 939.6 million yuan in revenue, down 6.2% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 93.9%.