Vantone Neo Development Group Co.,Ltd. Posted 342.8 Million Yuan Net Loss in 2022

Vantone Neo Development Group Co.,Ltd. (北京万通新发展集团股份有限公司) (600246.SH) reported a net loss of 342.8 million yuan in 2022, reversing a net profit of 180.1 million yuan for the previous year.

Meanwhile, the company posted 422.1 million yuan in revenue, down 48.1% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 32.9%.