Risesun Real Estate Development Co.,Ltd. Posted 637.3 Million Yuan Net Profit in First Three Quarters of 2023

Risesun Real Estate Development Co.,Ltd. (荣盛房地产发展股份有限公司) (002146.SZ) reported a net profit of 637.3 million yuan in the first three quarters of 2023, reversing a net loss of 2.8 billion yuan for the same period in the previous year.

Meanwhile, the company posted 34 billion yuan in revenue, up 41.9% year-on-year.

At the end of the reporting period, it had 229.2 billion yuan in total assets and 203.8 billion yuan in total liabilities, with a liability-to-asset ratio of 88.9%.