China West Construction Group Co.,Ltd.’s Net Profit Dropped 49.6% in First Quarter of 2022

China West Construction Group Co.,Ltd. (中建西部建设股份有限公司) (002302.SZ) reported a net profit of 61.7 million yuan in the first quarter of 2022, down 49.6% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, down 6.2% year-on-year.

At the end of the reporting period, it had 29.9 billion yuan in total assets and 18.4 billion yuan in total liabilities, with a liability-to-asset ratio of 61.4%.