Vantone Neo Development Group Co.,Ltd. Posted 99.2 Million Yuan Net Loss in First Half of 2023

Vantone Neo Development Group Co.,Ltd. (北京万通新发展集团股份有限公司) (600246.SH) reported a net loss of 99.2 million yuan in the first half of 2023, narrowing 40.6% year-on-year.

Meanwhile, the company posted 255.3 million yuan in revenue, up 86.6% year-on-year.

At the end of the reporting period, it had 9.2 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 31.8%.