Seazen Holdings Co.,Ltd.’s Net Profit Dropped 45.7% in First Three Quarters of 2022

Seazen Holdings Co.,Ltd. (新城控股集团股份有限公司) (601155.SH) reported a net profit of 3.7 billion yuan in the first three quarters of 2022, down 45.7% year-on-year.

Meanwhile, the company posted 61.8 billion yuan in revenue, down 43.4% year-on-year.

At the end of the reporting period, it had 510.3 billion yuan in total assets and 415.2 billion yuan in total liabilities, with a liability-to-asset ratio of 81.4%.