China Zhonghua Geotechnical Engineering Group Co.,Ltd. Posted 96.2 Million Yuan Net Loss in First Half of 2022

China Zhonghua Geotechnical Engineering Group Co.,Ltd. (中化岩土集团股份有限公司) (002542.SZ) reported a net loss of 96.2 million yuan in the first half of 2022, reversing a net profit of 95.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 61.2% year-on-year.

At the end of the reporting period, it had 9.4 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 61.9%.