Long Yuan Construction Group Co.,Ltd.’s Net Profit Dropped 34.2% in First Half of 2022

Long Yuan Construction Group Co.,Ltd. (龙元建设集团股份有限公司) (600491.SH) reported a net profit of 268.5 million yuan in the first half of 2022, down 34.2% year-on-year.

Meanwhile, the company posted 7.9 billion yuan in revenue, down 23% year-on-year.

At the end of the reporting period, it had 65.5 billion yuan in total assets and 52.2 billion yuan in total liabilities, with a liability-to-asset ratio of 79.6%.