Shenzhen New Nanshan Holding(Group) Co.,Ltd. Posted 164.8 Million Yuan Net Loss in First Three Quarters of 2022

Shenzhen New Nanshan Holding(Group) Co.,Ltd. (深圳市新南山控股(集团)股份有限公司) (002314.SZ) reported a net loss of 164.8 million yuan in the first three quarters of 2022, reversing a net profit of 325.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 73 billion yuan in total assets and 55.7 billion yuan in total liabilities, with a liability-to-asset ratio of 76.3%.