Shandong Huifa Foodstuff Co.,Ltd. Posted 29.5 Million Yuan Net Loss in First Half of 2023

Shandong Huifa Foodstuff Co.,Ltd. (山东惠发食品股份有限公司) (603536.SH) reported a net loss of 29.5 million yuan in the first half of 2023, narrowing 48.8% year-on-year.

Meanwhile, the company posted 844.9 million yuan in revenue, up 23% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 67.8%.