China Wuyi Co.,Ltd. Posted 126.2 Million Yuan Net Loss in First Half of 2023

China Wuyi Co.,Ltd. (中国武夷实业股份有限公司) (000797.SZ) reported a net loss of 126.2 million yuan in the first half of 2023, reversing a net profit of 7.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 10.4% year-on-year.

At the end of the reporting period, it had 26.3 billion yuan in total assets and 21 billion yuan in total liabilities, with a liability-to-asset ratio of 80.1%.