Beijing North Star Company Limited Posted 464.6 Million Yuan Net Loss in First Half of 2022

Beijing North Star Company Limited (北京北辰实业股份有限公司) (601588.SH) reported a net loss of 464.6 million yuan in the first half of 2022, reversing a net profit of 242.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.8 billion yuan in revenue, down 33.8% year-on-year.

At the end of the reporting period, it had 74.5 billion yuan in total assets and 57.4 billion yuan in total liabilities, with a liability-to-asset ratio of 77%.