Caixin
Nov 10, 2023 11:58 AM

Sunstone Development Co.,Ltd. Posted 440.6 Million Yuan Net Loss in First Three Quarters of 2023

00:00
00:00/00:00
Listen to this article 1x

Sunstone Development Co.,Ltd. (索通发展股份有限公司) (603612.SH) reported a net loss of 440.6 million yuan in the first three quarters of 2023, reversing a net profit of 1.3 billion yuan for the same period in the previous year.

Meanwhile, the company posted 11.9 billion yuan in revenue, down 13% year-on-year.

At the end of the reporting period, it had 18.1 billion yuan in total assets and 10 billion yuan in total liabilities, with a liability-to-asset ratio of 55%.

This article was automatically produced by Caixin Automation on Nov. 10, 2023.

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.

Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe
00:00
00:00/00:00