Shenzhen Grandland Group Co.,Ltd. Posted 255.8 Million Yuan Net Loss in First Half of 2022

Shenzhen Grandland Group Co.,Ltd. (深圳广田集团股份有限公司) (002482.SZ) reported a net loss of 255.8 million yuan in the first half of 2022, reversing a net profit of 51 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 67.3% year-on-year.

At the end of the reporting period, it had 14.3 billion yuan in total assets and 14.1 billion yuan in total liabilities, with a liability-to-asset ratio of 98.1%.