Huatian Hotel Group Co.,Ltd. Posted 136.6 Million Yuan Net Loss in First Three Quarters of 2023

Huatian Hotel Group Co.,Ltd. (华天酒店集团股份有限公司) (000428.SZ) reported a net loss of 136.6 million yuan in the first three quarters of 2023, narrowing 35% year-on-year.

Meanwhile, the company posted 509.1 million yuan in revenue, up 31.6% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 75%.