Vanfund Urban Investment&Development Co.,Ltd. Posted 15.7 Million Yuan Net Loss in First Three Quarters of 2023

Vanfund Urban Investment&Development Co.,Ltd. (万方城镇投资发展股份有限公司) (000638.SZ) reported a net loss of 15.7 million yuan in the first three quarters of 2023, widening 126.3% year-on-year.

Meanwhile, the company posted 101.8 million yuan in revenue, down 4.4% year-on-year.

At the end of the reporting period, it had 859.9 million yuan in total assets and 631.3 million yuan in total liabilities, with a liability-to-asset ratio of 73.4%.