Hunan New Wellful Co.,Ltd. Posted 649.6 Million Yuan Net Loss in First Half of 2023

Hunan New Wellful Co.,Ltd. (湖南新五丰股份有限公司) (600975.SH) reported a net loss of 649.6 million yuan in the first half of 2023, widening 162.6% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 68.4% year-on-year.

At the end of the reporting period, it had 12.5 billion yuan in total assets and 8.7 billion yuan in total liabilities, with a liability-to-asset ratio of 69.8%.