Jinke Property Group Co.,Ltd. Posted 118.9 Million Yuan Net Loss in First Quarter of 2023

Jinke Property Group Co.,Ltd. (金科地产集团股份有限公司) (000656.SZ) reported a net loss of 118.9 million yuan in the first quarter of 2023, narrowing 54.4% year-on-year.

Meanwhile, the company posted 10 billion yuan in revenue, down 21.5% year-on-year.

At the end of the reporting period, it had 293.1 billion yuan in total assets and 254.9 billion yuan in total liabilities, with a liability-to-asset ratio of 87%.