Suning.Com Co.,Ltd. Posted 2.1 Billion Yuan Net Loss in First Half of 2023

Suning.Com Co.,Ltd. (苏宁易购集团股份有限公司) (002024.SZ) reported a net loss of 2.1 billion yuan in the first half of 2023, narrowing 30.9% year-on-year.

Meanwhile, the company posted 34 billion yuan in revenue, down 8.5% year-on-year.

At the end of the reporting period, it had 136.8 billion yuan in total assets and 124.1 billion yuan in total liabilities, with a liability-to-asset ratio of 90.7%.