Shenzhen Grandland Group Co.,Ltd. Posted 594.1 Million Yuan Net Loss in First Half of 2023

Shenzhen Grandland Group Co.,Ltd. (深圳广田集团股份有限公司) (002482.SZ) reported a net loss of 594.1 million yuan in the first half of 2023, widening 133.8% year-on-year.

Meanwhile, the company posted 521.8 million yuan in revenue, down 68.1% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 15.1 billion yuan in total liabilities, with a liability-to-asset ratio of 159.4%.