Yihua Life’s losses intensified and its market value fell to 1.6 billion yuan

Yihua Life was slightly volatile throughout the day, with a total market capitalisation of 1.646 billion yuan on the day.

On December 7, Yihua Life showed a slight fluctuation throughout the day, with a total market value of 1.646 billion yuan that day.

It is reported that the total market value of Yihua Life reached a high of 34 billion yuan in 2015. Behind the continuous decline of the company's stock price and market value, Yihua Life's performance is also quite dismal. In the first quarter, the first half of this year, and the first three quarters of this year, losses were 268 million yuan, 515 million yuan, and 689 million yuan respectively. In addition, Yihua Life is currently facing various risks such as debt problems and suspension of listing.

Yihua Life Technology Co., Ltd., stock: Yihua Life [600978] Its predecessor is Guangdong Yihua Wood Industry Co., Ltd. Shantou's first private company with an annual output value of over 10 billion listed on the stock market, and China's first company to export and sell wood products under its own brand.

Yihua Life Technology Co., Ltd. builds a “Y+ Ecosystem” with the “Internet + Pan-home” model. As of March 2016, the built home ecosystem includes Internet platforms such as Melody, Aifuwo, Youzhu.com, Haier Home Furnishing, Duowei Shangshu, Wodi Home Design, Financial Yihaodian, and the acquisition of Singapore-listed company Huada Lee International Holdings Limited (Hua Dali was founded in 1976 and listed on the Singapore Stock Exchange in 1993).



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