Financial Street Holdings Co.,Ltd. Posted 1.5 Billion Yuan Net Loss in First Three Quarters of 2023

Financial Street Holdings Co.,Ltd. (金融街控股股份有限公司) (000402.SZ) reported a net loss of 1.5 billion yuan in the first three quarters of 2023, reversing a net profit of 1.3 billion yuan for the same period in the previous year.

Meanwhile, the company posted 8.2 billion yuan in revenue, down 47.1% year-on-year.

At the end of the reporting period, it had 150.2 billion yuan in total assets and 109.3 billion yuan in total liabilities, with a liability-to-asset ratio of 72.8%.