Beijing Urban Construction Investment&Development Co.,Ltd. Posted 296.2 Million Yuan Net Loss in First Half 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 296.2 million yuan in the first half of 2022, reversing a net profit of 562.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 8.4 billion yuan in revenue, down 22% year-on-year.

At the end of the reporting period, it had 144.1 billion yuan in total assets and 116.1 billion yuan in total liabilities, with a liability-to-asset ratio of 80.6%.