Shanghai Xuerong Biological Technology Co.,Ltd. Posted 126.7 Million Yuan Net Loss in First Three Quarters of 2023

Shanghai Xuerong Biological Technology Co.,Ltd. (上海雪榕生物科技股份有限公司) (300511.SZ) reported a net loss of 126.7 million yuan in the first three quarters of 2023, widening 1705.8% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 17.8% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 65.7%.