Xiwang Foodstuffs Co.,Ltd. Posted 62.8 Million Yuan Net Loss in First Half of 2023

Xiwang Foodstuffs Co.,Ltd. (西王食品股份有限公司) (000639.SZ) reported a net loss of 62.8 million yuan in the first half of 2023, widening 342.8% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.1%.