Shenzhen Overseas Chinese Town Co.,Ltd. Posted 1.4 Billion Yuan Net Loss in First Half of 2023

Shenzhen Overseas Chinese Town Co.,Ltd. (深圳华侨城股份有限公司) (000069.SZ) reported a net loss of 1.4 billion yuan in the first half of 2023, reversing a net profit of 751.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 19.4 billion yuan in revenue, up 18.6% year-on-year.

At the end of the reporting period, it had 396.2 billion yuan in total assets and 300.7 billion yuan in total liabilities, with a liability-to-asset ratio of 75.9%.