Shenzhen Zhongzhuang Construction Group Co.,Ltd. Posted 7.7 Million Yuan Net Loss in First Quarter of 2022

Shenzhen Zhongzhuang Construction Group Co.,Ltd. (深圳市中装建设集团股份有限公司) (002822.SZ) reported a net loss of 7.7 million yuan in the first quarter of 2022, reversing a net profit of 29.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 827.8 million yuan in revenue, down 19.4% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 57.8%.