Hua Yuan Property Co.,Ltd. Posted 372.7 Million Yuan Net Loss in First Half of 2022

Hua Yuan Property Co.,Ltd. (华远地产股份有限公司) (600743.SH) reported a net loss of 372.7 million yuan in the first half of 2022, reversing a net profit of 75.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.9 billion yuan in revenue, up 22.8% year-on-year.

At the end of the reporting period, it had 53.9 billion yuan in total assets and 43.2 billion yuan in total liabilities, with a liability-to-asset ratio of 80.2%.