Hainan Yedao(Group) Co.,Ltd. Posted 57.3 Million Yuan Net Loss in First Half of 2023

Hainan Yedao(Group) Co.,Ltd. (海南椰岛(集团)股份有限公司) (600238.SH) reported a net loss of 57.3 million yuan in the first half of 2023, reversing a net profit of 17.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 117.8 million yuan in revenue, down 59.2% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 787.3 million yuan in total liabilities, with a liability-to-asset ratio of 68.9%.