Nov 10, 2023 12:10 PM

China Fortune Land Development Co.,Ltd. Posted 1.5 Billion Yuan Net Loss in First Three Quarters of 2023

By Caixin Automation

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China Fortune Land Development Co.,Ltd. (华夏幸福基业股份有限公司) (600340.SH) reported a net loss of 1.5 billion yuan in the first three quarters of 2023, narrowing 5.5% year-on-year.

Meanwhile, the company posted 17.8 billion yuan in revenue, down 19.1% year-on-year.

At the end of the reporting period, it had 373.7 billion yuan in total assets and 349.3 billion yuan in total liabilities, with a liability-to-asset ratio of 93.5%.

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