Hainan Development Holdings Nanhai Co.,Ltd. Posted 177.8 Million Yuan Net Loss in 2022

Hainan Development Holdings Nanhai Co.,Ltd. (海控南海发展股份有限公司) (002163.SZ) reported a net loss of 177.8 million yuan in 2022, reversing a net profit of 161.3 million yuan for the previous year.

Meanwhile, the company posted 3.6 billion yuan in revenue, down 17.2% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 75.8%.