Oct 30, 2022 08:00 AM

China Fortune Land Development Co.,Ltd. Posted 1.6 Billion Yuan Net Loss in First Three Quarters of 2022

00:00

00:00/00:00

Listen to this article 1x

China Fortune Land Development Co.,Ltd. (华夏幸福基业股份有限公司) (600340.SH) reported a net loss of 1.6 billion yuan in the first three quarters of 2022, narrowing 87.5% year-on-year.

Meanwhile, the company posted 22 billion yuan in revenue, down 22.7% year-on-year.

At the end of the reporting period, it had 417.3 billion yuan in total assets and 400.8 billion yuan in total liabilities, with a liability-to-asset ratio of 96.1%.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Save an extra $50. Introductory offer for new readers. Subscribe now.