Thaihot Group Co.,Ltd. Posted 620.1 Million Yuan Net Loss in First Quarter of 2023

Thaihot Group Co.,Ltd. (泰禾集团股份有限公司) (000732.SZ) reported a net loss of 620.1 million yuan in the first quarter of 2023, widening 43.9% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 294.2% year-on-year.

At the end of the reporting period, it had 215.6 billion yuan in total assets and 207.8 billion yuan in total liabilities, with a liability-to-asset ratio of 96.4%.