Gree Real Estate Co.,Ltd. Posted 313.8 Million Yuan Net Loss in First Three Quarters of 2023

Gree Real Estate Co.,Ltd. (格力地产股份有限公司) (600185.SH) reported a net loss of 313.8 million yuan in the first three quarters of 2023, reversing a net profit of 152.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 1.4% year-on-year.

At the end of the reporting period, it had 28.6 billion yuan in total assets and 22.6 billion yuan in total liabilities, with a liability-to-asset ratio of 79%.