Hua Yuan Property Co.,Ltd. Posted 67.1 Million Yuan Net Loss in First Quarter of 2022

Hua Yuan Property Co.,Ltd. (华远地产股份有限公司) (600743.SH) reported a net loss of 67.1 million yuan in the first quarter of 2022, reversing a net profit of 18 million yuan for the same period in the previous year.

Meanwhile, the company posted 929.9 million yuan in revenue, down 38.3% year-on-year.

At the end of the reporting period, it had 55 billion yuan in total assets and 44.1 billion yuan in total liabilities, with a liability-to-asset ratio of 80.2%.