Cccg Real Estate Co.,Ltd. Posted 1 Billion Yuan Net Loss in First Three Quarters of 2023

Cccg Real Estate Co.,Ltd. (中交地产股份有限公司) (000736.SZ) reported a net loss of 1 billion yuan in the first three quarters of 2023, reversing a net profit of 125.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 11.6 billion yuan in revenue, down 24.3% year-on-year.

At the end of the reporting period, it had 143.9 billion yuan in total assets and 125.6 billion yuan in total liabilities, with a liability-to-asset ratio of 87.3%.