Shenzhen Grandland Group Co.,Ltd. Posted 459.6 Million Yuan Net Loss in First Three Quarters of 2022

Shenzhen Grandland Group Co.,Ltd. (深圳广田集团股份有限公司) (002482.SZ) reported a net loss of 459.6 million yuan in the first three quarters of 2022, widening 2620.7% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 64.5% year-on-year.

At the end of the reporting period, it had 14 billion yuan in total assets and 14 billion yuan in total liabilities, with a liability-to-asset ratio of 99.5%.