Hua Yuan Property Co.,Ltd. Posted 94.3 Million Yuan Net Loss in First Quarter of 2023

Hua Yuan Property Co.,Ltd. (华远地产股份有限公司) (600743.SH) reported a net loss of 94.3 million yuan in the first quarter of 2023, widening 40.5% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 57.3% year-on-year.

At the end of the reporting period, it had 44.3 billion yuan in total assets and 38.5 billion yuan in total liabilities, with a liability-to-asset ratio of 86.9%.