Shandong Ruyi Woolen Garment Group Co.,Ltd. Posted 67.1 Million Yuan Net Loss in First Half of 2023

Shandong Ruyi Woolen Garment Group Co.,Ltd. (山东如意毛纺服装集团股份有限公司) (002193.SZ) reported a net loss of 67.1 million yuan in the first half of 2023, reversing a net profit of 31.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 189.6 million yuan in revenue, down 48.7% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 42.5%.