Oceanwide Holdings Co.,Ltd. Posted 4.5 Billion Yuan Net Loss in First Half of 2023

Oceanwide Holdings Co.,Ltd. (泛海控股股份有限公司) (000046.SZ) reported a net loss of 4.5 billion yuan in the first half of 2023, widening 87.8% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 22% year-on-year.

At the end of the reporting period, it had 98.9 billion yuan in total assets and 103.3 billion yuan in total liabilities, with a liability-to-asset ratio of 104.5%.