Wei Long Grape Wine Co.,Ltd. Posted 2.8 Million Yuan Net Loss in First Three Quarters of 2023

Wei Long Grape Wine Co.,Ltd. (威龙葡萄酒股份有限公司) (603779.SH) reported a net loss of 2.8 million yuan in the first three quarters of 2023, reversing a net profit of 3.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 268 million yuan in revenue, down 18.7% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 611.4 million yuan in total liabilities, with a liability-to-asset ratio of 46.7%.