Yunnan Metropolitan Real Estate Development Co.,Ltd. Posted 153.9 Million Yuan Net Profit in First Quarter of 2023

Yunnan Metropolitan Real Estate Development Co.,Ltd. (云南城投置业股份有限公司) (600239.SH) reported a net profit of 153.9 million yuan in the first quarter of 2023, reversing a net loss of 430.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 397 million yuan in revenue, down 50.9% year-on-year.

At the end of the reporting period, it had 12.8 billion yuan in total assets and 10.2 billion yuan in total liabilities, with a liability-to-asset ratio of 79.8%.