Muyuan Foods Co.,Ltd. Posted 1.7 Billion Yuan Net Loss in First Three Quarters of 2023

Muyuan Foods Co.,Ltd. (牧原食品股份有限公司) (002714.SZ) reported a net loss of 1.7 billion yuan in the first three quarters of 2023, reversing a net profit of 1.8 billion yuan for the same period in the previous year.

Meanwhile, the company posted 83 billion yuan in revenue, up 2.7% year-on-year.

At the end of the reporting period, it had 189.5 billion yuan in total assets and 113.1 billion yuan in total liabilities, with a liability-to-asset ratio of 59.7%.