Shenzhen New Nanshan Holding(Group) Co.,Ltd. Posted 123.2 Million Yuan Net Loss in First Quarter of 2022

Shenzhen New Nanshan Holding(Group) Co.,Ltd. (深圳市新南山控股(集团)股份有限公司) (002314.SZ) reported a net loss of 123.2 million yuan in the first quarter of 2022, widening 34.7% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 22.9% year-on-year.

At the end of the reporting period, it had 73.5 billion yuan in total assets and 56 billion yuan in total liabilities, with a liability-to-asset ratio of 76.2%.