Tieling Newcity Investment Holding(Group) Limited Posted 58.8 Million Yuan Net Loss in First Half of 2022

Tieling Newcity Investment Holding(Group) Limited (铁岭新城投资控股(集团)股份有限公司) (000809.SZ) reported a net loss of 58.8 million yuan in the first half of 2022, widening 9.3% year-on-year.

Meanwhile, the company posted 9.7 million yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 34.2%.