Shenzhen Changfang Group Co.,Ltd. Posted 52.4 Million Yuan Net Loss in First Half of 2023

Shenzhen Changfang Group Co.,Ltd. (深圳市长方集团股份有限公司) (300301.SZ) reported a net loss of 52.4 million yuan in the first half of 2023, narrowing 28.1% year-on-year.

Meanwhile, the company posted 325.8 million yuan in revenue, down 25.1% year-on-year.

At the end of the reporting period, it had 899.1 million yuan in total assets and 757 million yuan in total liabilities, with a liability-to-asset ratio of 84.2%.