Sunstone Development Co.,Ltd. Posted 549.7 Million Yuan Net Loss in First Half of 2023

Sunstone Development Co.,Ltd. (索通发展股份有限公司) (603612.SH) reported a net loss of 549.7 million yuan in the first half of 2023, reversing a net profit of 742.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 8.1 billion yuan in revenue, up 2.1% year-on-year.

At the end of the reporting period, it had 18.1 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 55.8%.