Hainan Development Holdings Nanhai Co.,Ltd. Posted 73.3 Million Yuan Net Loss in First Half of 2022

Hainan Development Holdings Nanhai Co.,Ltd. (海控南海发展股份有限公司) (002163.SZ) reported a net loss of 73.3 million yuan in the first half of 2022, reversing a net profit of 53.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 17.2% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 73.6%.