Xiangpiaopiao Food Co.,Ltd. Posted 44.4 Million Yuan Net Loss in First Half of 2023

Xiangpiaopiao Food Co.,Ltd. (香飘飘食品股份有限公司) (603711.SH) reported a net loss of 44.4 million yuan in the first half of 2023, narrowing 65.7% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 36.3% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 35%.