Risesun Real Estate Development Co.,Ltd. Posted 2.8 Billion Yuan Net Loss in First Three Quarters of 2022

Risesun Real Estate Development Co.,Ltd. (荣盛房地产发展股份有限公司) (002146.SZ) reported a net loss of 2.8 billion yuan in the first three quarters of 2022, reversing a net profit of 3.5 billion yuan for the same period in the previous year.

Meanwhile, the company posted 23.9 billion yuan in revenue, down 47.9% year-on-year.

At the end of the reporting period, it had 274.8 billion yuan in total assets and 234.5 billion yuan in total liabilities, with a liability-to-asset ratio of 85.3%.