Shenzhen Grandland Group Co.,Ltd. Posted 143.7 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Grandland Group Co.,Ltd. (深圳广田集团股份有限公司) (002482.SZ) reported a net loss of 143.7 million yuan in the first quarter of 2023, widening 81.6% year-on-year.

Meanwhile, the company posted 150.3 million yuan in revenue, down 83.6% year-on-year.

At the end of the reporting period, it had 10.1 billion yuan in total assets and 15.2 billion yuan in total liabilities, with a liability-to-asset ratio of 151.4%.