Huatian Hotel Group Co.,Ltd. Posted 377.9 Million Yuan Net Loss in 2022

Huatian Hotel Group Co.,Ltd. (华天酒店集团股份有限公司) (000428.SZ) reported a net loss of 377.9 million yuan in 2022, reversing a net profit of 7.1 million yuan for the previous year.

Meanwhile, the company posted 473.6 million yuan in revenue, down 20.3% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 73.9%.