Beijing North Star Company Limited Posted 771 Million Yuan Net Loss in First Three Quarters of 2022

Beijing North Star Company Limited (北京北辰实业股份有限公司) (601588.SH) reported a net loss of 771 million yuan in the first three quarters of 2022, reversing a net profit of 249.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 8.8 billion yuan in revenue, down 49.3% year-on-year.

At the end of the reporting period, it had 70.1 billion yuan in total assets and 53.3 billion yuan in total liabilities, with a liability-to-asset ratio of 76%.