China Fortune Land Development Co.,Ltd. Posted 13.1 Billion Yuan Net Loss in First Three Quarters of 2021

China Fortune Land Development Co.,Ltd. (华夏幸福基业股份有限公司) (600340.SH) reported a net loss of 13.1 billion yuan in the first three quarters of 2021, reversing a net profit of 8 billion yuan for the same period in the previous year.

Meanwhile, the company posted 28.4 billion yuan in revenue, down 49.9% year-on-year.

At the end of the reporting period, it had 465.7 billion yuan in total assets and 387.7 billion yuan in total liabilities, with a liability-to-asset ratio of 83.3%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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