Tieling Newcity Investment Holding(Group) Limited Posted 56.5 Million Yuan Net Loss in First Half of 2023

Tieling Newcity Investment Holding(Group) Limited (铁岭新城投资控股(集团)股份有限公司) (000809.SZ) reported a net loss of 56.5 million yuan in the first half of 2023, narrowing 3.8% year-on-year.

Meanwhile, the company posted 10.6 million yuan in revenue, up 9.6% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 33.7%.