Tianjin Guangyu Development Co.,Ltd. Posted 937.8 Million Yuan Net Loss in First Three Quarters of 2021

Tianjin Guangyu Development Co.,Ltd. (天津广宇发展股份有限公司) (000537.SZ) reported a net loss of 937.8 million yuan in the first three quarters of 2021, reversing a net profit of 1.9 billion yuan for the same period in the previous year.

Meanwhile, the company posted 12.9 billion yuan in revenue, down 6% year-on-year.

At the end of the reporting period, it had 79.1 billion yuan in total assets and 64.7 billion yuan in total liabilities, with a liability-to-asset ratio of 81.8%.

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

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.