Beijing Urban Construction Investment&Development Co.,Ltd. Posted 1 Billion Yuan Net Loss in First Quarter of 2022

Beijing Urban Construction Investment&Development Co.,Ltd. (北京城建投资发展股份有限公司) (600266.SH) reported a net loss of 1 billion yuan in the first quarter of 2022, widening 708.6% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 21.5% year-on-year.

At the end of the reporting period, it had 137.1 billion yuan in total assets and 109.5 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.