Beijing North Star Company Limited Posted 1.7 Billion Yuan Net Loss in 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 1.7 billion yuan in 2022, reversing a net profit of 107.9 million yuan for the previous year.

Meanwhile, the company posted 13 billion yuan in revenue, down 41.4% year-on-year.

At the end of the reporting period, it had 67.3 billion yuan in total assets and 51.3 billion yuan in total liabilities, with a liability-to-asset ratio of 76.3%.