Risesun Real Estate Development Co.,Ltd. Posted 18.4 Billion Yuan Net Loss in 2022

Risesun Real Estate Development Co.,Ltd. (荣盛房地产发展股份有限公司) (002146.SZ) reported a net loss of 18.4 billion yuan in 2022, widening 268.5% year-on-year.

Meanwhile, the company posted 31.8 billion yuan in revenue, down 32.7% year-on-year.

At the end of the reporting period, it had 249.6 billion yuan in total assets and 224.5 billion yuan in total liabilities, with a liability-to-asset ratio of 90%.