Shenzhen Special Economic Zone Real Estate&Properties(Group) Co.,Ltd. Posted 36.5 Million Yuan Net Loss in First Quarter of 2023

Shenzhen Special Economic Zone Real Estate&Properties(Group) Co.,Ltd. (深圳经济特区房地产(集团)股份有限公司) (000029.SZ) reported a net loss of 36.5 million yuan in the first quarter of 2023, reversing a net profit of 161.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 109.2 million yuan in revenue, down 60% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 22.8%.