Shanghai Shimao Co.,Ltd. Posted 560.6 Million Yuan Net Loss in First Three Quarters of 2022

Shanghai Shimao Co.,Ltd. (上海世茂股份有限公司) (600823.SH) reported a net loss of 560.6 million yuan in the first three quarters of 2022, reversing a net profit of 2.4 billion yuan for the same period in the previous year.

Meanwhile, the company posted 4.5 billion yuan in revenue, down 70.1% year-on-year.

At the end of the reporting period, it had 137.4 billion yuan in total assets and 89.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.9%.