Sunstone Development Co.,Ltd. Posted 331.1 Million Yuan Net Loss in First Quarter of 2023

Sunstone Development Co.,Ltd. (索通发展股份有限公司) (603612.SH) reported a net loss of 331.1 million yuan in the first quarter of 2023, reversing a net profit of 166.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 32.5% year-on-year.

At the end of the reporting period, it had 19.1 billion yuan in total assets and 11.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.7%.