Joyvio, the New Owner of Australis, Trapped in Continual Losses
Joyvio of Legend Holdings recently released its annual report for 2022, which reads that the net loss attributable to the parent has plummeted by 284.45% to 1.11 billion yuan from 0.289 billion yuan back in 2021. The company has suffered losses for four consecutive years since 2019, and the total has reached 2.238 billion yuan.
Joyvio explained that the losses mainly result from rising costs in feed, labor, equipment maintenance, etc. Another factor is the impairment of acquisition goodwill has reached 1.229 billion yuan, and changes to the value of...
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