Financial Street Holdings Co.,Ltd. Posted 820 Million Yuan Net Loss in First Half of 2023

Financial Street Holdings Co.,Ltd. (金融街控股股份有限公司) (000402.SZ) reported a net loss of 820 million yuan in the first half of 2023, reversing a net profit of 1.1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 5.6 billion yuan in revenue, down 47% year-on-year.

At the end of the reporting period, it had 150.5 billion yuan in total assets and 108.9 billion yuan in total liabilities, with a liability-to-asset ratio of 72.4%.