Hainan Development Holdings Nanhai Co.,Ltd. Posted 44.9 Million Yuan Net Loss in First Quarter of 2023

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 44.9 million yuan in the first quarter of 2023, narrowing 21.7% year-on-year.

Meanwhile, the company posted 747 million yuan in revenue, up 41.6% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 75.8%.