Shandong Ruyi Woolen Garment Group Co.,Ltd. Posted 67.3 Million Yuan Net Loss in First Three Quarters of 2023

Shandong Ruyi Woolen Garment Group Co.,Ltd. (山东如意毛纺服装集团股份有限公司) (002193.SZ) reported a net loss of 67.3 million yuan in the first three quarters of 2023, reversing a net profit of 7.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 308.6 million yuan in revenue, down 45.6% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 42.3%.