Shenzhen New Nanshan Holding(Group) Co.,Ltd. Posted 129.5 Million Yuan Net Loss in First Half of 2022

Shenzhen New Nanshan Holding(Group) Co.,Ltd. (深圳市新南山控股(集团)股份有限公司) (002314.SZ) reported a net loss of 129.5 million yuan in the first half of 2022, reversing a net profit of 355.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 47.1% year-on-year.

At the end of the reporting period, it had 73.5 billion yuan in total assets and 56.2 billion yuan in total liabilities, with a liability-to-asset ratio of 76.4%.