Renrenle Commercial Group Co.,Ltd. Posted 308.7 Million Yuan Net Loss in First Half of 2023

Renrenle Commercial Group Co.,Ltd. (人人乐连锁商业集团股份有限公司) (002336.SZ) reported a net loss of 308.7 million yuan in the first half of 2023, widening 31% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 104.6%.