Better Life Commercial Chain Share Co.,Ltd. Posted 641.8 Million Yuan Net Loss in First Three Quarters of 2023

Better Life Commercial Chain Share Co.,Ltd. (步步高商业连锁股份有限公司) (002251.SZ) reported a net loss of 641.8 million yuan in the first three quarters of 2023, reversing a net profit of 33.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 70% year-on-year.

At the end of the reporting period, it had 24.6 billion yuan in total assets and 20.2 billion yuan in total liabilities, with a liability-to-asset ratio of 82.1%.