Hainan Development Holdings Nanhai Co.,Ltd. Posted 58.5 Million Yuan Net Loss in First Half of 2023

Hainan Development Holdings Nanhai Co.,Ltd. (海控南海发展股份有限公司) (002163.SZ) reported a net loss of 58.5 million yuan in the first half of 2023, narrowing 20.2% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 25.9% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 76.2%.