Apr 30, 2022 08:00 AM

Tengda Construction Group Co.,Ltd. Posted 170.7 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Tengda Construction Group Co.,Ltd. (腾达建设集团股份有限公司) (600512.SH) reported a net loss of 170.7 million yuan in the first quarter of 2022, reversing a net profit of 395.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 31.5% year-on-year.

At the end of the reporting period, it had 11 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.

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