Seazen Holdings Co.,Ltd.’s Net Profit Dropped 27.8% in First Three Quarters of 2023

Seazen Holdings Co.,Ltd. (新城控股集团股份有限公司) (601155.SH) reported a net profit of 2.6 billion yuan in the first three quarters of 2023, down 27.8% year-on-year.

Meanwhile, the company posted 71.3 billion yuan in revenue, up 15.4% year-on-year.

At the end of the reporting period, it had 418.7 billion yuan in total assets and 329.2 billion yuan in total liabilities, with a liability-to-asset ratio of 78.6%.