Gree Real Estate Co.,Ltd. Posted 2.7 Billion Yuan Net Loss in 2022

Gree Real Estate Co.,Ltd. (格力地产股份有限公司) (600185.SH) reported a net loss of 2.7 billion yuan in 2022, reversing a net profit of 454.5 million yuan for the previous year.

Meanwhile, the company posted 4 billion yuan in revenue, down 43.3% year-on-year.

At the end of the reporting period, it had 30.3 billion yuan in total assets and 23.9 billion yuan in total liabilities, with a liability-to-asset ratio of 79.1%.