Yunnan Metropolitan Real Estate Development Co.,Ltd. Posted 430.5 Million Yuan Net Loss in First Quarter of 2022

Yunnan Metropolitan Real Estate Development Co.,Ltd. (云南城投置业股份有限公司) (600239.SH) reported a net loss of 430.5 million yuan in the first quarter of 2022, narrowing 29.2% year-on-year.

Meanwhile, the company posted 807.9 million yuan in revenue, down 9.1% year-on-year.

At the end of the reporting period, it had 40.1 billion yuan in total assets and 38 billion yuan in total liabilities, with a liability-to-asset ratio of 94.9%.