XINMING CHINA (02699) announced its full-year performance for 2022, with a net loss attributable to shareholders of approximately 2.25 billion yuan, a year-on-year increase of 169.49%.

XINMING CHINA (02699) released its annual performance for the year ended December 31, 2022, with revenue reaching approximately RMB 35.198 million (unit in the same below), a year-on-year decrease of approximately 65.4%; gross profit reached approximately RMB 20.011 million, a year-on-year decrease of approximately 74.2%; the attributable loss of the parent company was approximately RMB 2.25 billion, a year-on-year increase of 169.49%; basic loss per share reached approximately RMB 1.198. It is reported that the operating loss for the review year was approximately RMB 2.83 billion, a significant increase of approximately RMB 1.987 billion compared to the same period last year, an increase of about 2.36 times, mainly due to the fair value changes of investment properties and the loss from the sale of completed properties and investment properties as ordered by the court.