Hainan Development Holdings Nanhai Co.,Ltd. Posted 88.7 Million Yuan Net Loss in First Three Quarters of 2022

Hainan Development Holdings Nanhai Co.,Ltd. (海控南海发展股份有限公司) (002163.SZ) reported a net loss of 88.7 million yuan in the first three quarters of 2022, reversing a net profit of 98.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 10.3% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 72.6%.