Joyvio Food Co.,Ltd. Posted 435.6 Million Yuan Net Loss in First Half of 2023

Joyvio Food Co.,Ltd. (佳沃食品股份有限公司) (300268.SZ) reported a net loss of 435.6 million yuan in the first half of 2023, reversing a net profit of 215.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 7.2% year-on-year.

At the end of the reporting period, it had 10.9 billion yuan in total assets and 11.4 billion yuan in total liabilities, with a liability-to-asset ratio of 104.4%.