Wens Foodstuff Group Co.,Ltd. Posted 4.6 Billion Yuan Net Loss in First Three Quarters of 2023

Wens Foodstuff Group Co.,Ltd. (温氏食品集团股份有限公司) (300498.SZ) reported a net loss of 4.6 billion yuan in the first three quarters of 2023, reversing a net profit of 879.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 64.7 billion yuan in revenue, up 15.8% year-on-year.

At the end of the reporting period, it had 95.6 billion yuan in total assets and 57.7 billion yuan in total liabilities, with a liability-to-asset ratio of 60.3%.