Better Life Commercial Chain Share Co.,Ltd. Posted 443 Million Yuan Net Loss in First Half of 2023

Better Life Commercial Chain Share Co.,Ltd. (步步高商业连锁股份有限公司) (002251.SZ) reported a net loss of 443 million yuan in the first half of 2023, reversing a net profit of 34 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 69.3% year-on-year.

At the end of the reporting period, it had 25.1 billion yuan in total assets and 20.5 billion yuan in total liabilities, with a liability-to-asset ratio of 81.6%.