Risesun Real Estate Development Co.,Ltd. Posted 421.6 Million Yuan Net Loss in First Quarter of 2023

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 421.6 million yuan in the first quarter of 2023, narrowing 62.7% year-on-year.

Meanwhile, the company posted 6.1 billion yuan in revenue, up 60.5% year-on-year.

At the end of the reporting period, it had 245.7 billion yuan in total assets and 220.7 billion yuan in total liabilities, with a liability-to-asset ratio of 89.8%.