China Shipbuilding Industry Company Limited Posted 638.7 Million Yuan Net Loss in First Half of 2022

China Shipbuilding Industry Company Limited (中国船舶重工股份有限公司) (601989.SH) reported a net loss of 638.7 million yuan in the first half of 2022, reversing a net profit of 154.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 14.9 billion yuan in revenue, down 7.8% year-on-year.

At the end of the reporting period, it had 192 billion yuan in total assets and 106.1 billion yuan in total liabilities, with a liability-to-asset ratio of 55.3%.