Risesun Real Estate Development Co.,Ltd. Posted 2.2 Billion Yuan Net Loss in First Half of 2022

Risesun Real Estate Development Co.,Ltd. (荣盛房地产发展股份有限公司) (002146.SZ) reported a net loss of 2.2 billion yuan in the first half of 2022, reversing a net profit of 2.9 billion yuan for the same period in the previous year.

Meanwhile, the company posted 14.5 billion yuan in revenue, down 57.6% year-on-year.

At the end of the reporting period, it had 282.2 billion yuan in total assets and 240.5 billion yuan in total liabilities, with a liability-to-asset ratio of 85.2%.