Luoniushan Co.,Ltd. Posted 196.9 Million Yuan Net Loss in First Three Quarters of 2023

Luoniushan Co.,Ltd. (罗牛山股份有限公司) (000735.SZ) reported a net loss of 196.9 million yuan in the first three quarters of 2023, reversing a net profit of 31.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.8 billion yuan in revenue, up 58.3% year-on-year.

At the end of the reporting period, it had 12.7 billion yuan in total assets and 8.1 billion yuan in total liabilities, with a liability-to-asset ratio of 63.6%.