Yunnan Metropolitan Real Estate Development Co.,Ltd. Posted 128.9 Million Yuan Net Profit in First Three Quarters of 2023

Yunnan Metropolitan Real Estate Development Co.,Ltd. (云南城投置业股份有限公司) (600239.SH) reported a net profit of 128.9 million yuan in the first three quarters of 2023, reversing a net loss of 734.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 38.9% year-on-year.

At the end of the reporting period, it had 12.7 billion yuan in total assets and 10.1 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.