Seazen Holdings Co.,Ltd.’s Net Profit Dropped 88.5% in 2022

Seazen Holdings Co.,Ltd. (新城控股集团股份有限公司) (601155.SH) reported a net profit of 1.6 billion yuan in 2022, down 88.5% year-on-year.

Meanwhile, the company posted 115.5 billion yuan in revenue, down 31.4% year-on-year.

At the end of the reporting period, it had 457.9 billion yuan in total assets and 368.4 billion yuan in total liabilities, with a liability-to-asset ratio of 80.5%.