Cofco Biotechnology Co.,Ltd. Posted 345.3 Million Yuan Net Loss in First Three Quarters of 2023

Cofco Biotechnology Co.,Ltd. (中粮生物科技股份有限公司) (000930.SZ) reported a net loss of 345.3 million yuan in the first three quarters of 2023, reversing a net profit of 1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 14.7 billion yuan in revenue, down 1.2% year-on-year.

At the end of the reporting period, it had 17.4 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 36.6%.