Hua Yuan Property Co.,Ltd. Posted 615.7 Million Yuan Net Loss in First Three Quarters of 2022

Hua Yuan Property Co.,Ltd. (华远地产股份有限公司) (600743.SH) reported a net loss of 615.7 million yuan in the first three quarters of 2022, reversing a net profit of 20.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 5.4 billion yuan in revenue, down 1.4% year-on-year.

At the end of the reporting period, it had 52.2 billion yuan in total assets and 41.6 billion yuan in total liabilities, with a liability-to-asset ratio of 79.6%.