Oceanwide Holdings Co.,Ltd. Posted 1.4 Billion Yuan Net Loss in First Quarter of 2023

Oceanwide Holdings Co.,Ltd. (泛海控股股份有限公司) (000046.SZ) reported a net loss of 1.4 billion yuan in the first quarter of 2023, widening 50.8% year-on-year.

Meanwhile, the company posted 324.5 million yuan in revenue, down 25% year-on-year.

At the end of the reporting period, it had 101.2 billion yuan in total assets and 102.5 billion yuan in total liabilities, with a liability-to-asset ratio of 101.3%.