Wei Long Grape Wine Co.,Ltd. Posted 13 Million Yuan Net Loss in First Half of 2023

Wei Long Grape Wine Co.,Ltd. (威龙葡萄酒股份有限公司) (603779.SH) reported a net loss of 13 million yuan in the first half of 2023, reversing a net profit of 128,206 yuan for the same period in the previous year.

Meanwhile, the company posted 177.5 million yuan in revenue, down 20.9% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 633.4 million yuan in total liabilities, with a liability-to-asset ratio of 47.5%.