Suning.Com Co.,Ltd. Posted 2.9 Billion Yuan Net Loss in First Three Quarters of 2023

Suning.Com Co.,Ltd. (苏宁易购集团股份有限公司) (002024.SZ) reported a net loss of 2.9 billion yuan in the first three quarters of 2023, narrowing 42.4% year-on-year.

Meanwhile, the company posted 48.7 billion yuan in revenue, down 12.4% year-on-year.

At the end of the reporting period, it had 130.7 billion yuan in total assets and 118.8 billion yuan in total liabilities, with a liability-to-asset ratio of 90.9%.