Shenzhen Overseas Chinese Town Co.,Ltd. Posted 94.1 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Overseas Chinese Town Co.,Ltd. (深圳华侨城股份有限公司) (000069.SZ) reported a net loss of 94.1 million yuan in the first quarter of 2023, reversing a net profit of 450.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.9 billion yuan in revenue, down 7.4% year-on-year.

At the end of the reporting period, it had 394.8 billion yuan in total assets and 294.2 billion yuan in total liabilities, with a liability-to-asset ratio of 74.5%.