Hainan Development Holdings Nanhai Co.,Ltd. Posted 132.6 Million Yuan Net Profit in First Three Quarters of 2023

Hainan Development Holdings Nanhai Co.,Ltd. (海控南海发展股份有限公司) (002163.SZ) reported a net profit of 132.6 million yuan in the first three quarters of 2023, reversing a net loss of 88.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.9 billion yuan in revenue, up 21.4% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 74.4%.