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

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%.