Shaanxi Construction Machinery Co.,Ltd. Posted 64.9 Million Yuan Net Loss in First Half of 2022

Shaanxi Construction Machinery Co.,Ltd. (陕西建设机械股份有限公司) (600984.SH) reported a net loss of 64.9 million yuan in the first half of 2022, reversing a net profit of 255 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 21% year-on-year.

At the end of the reporting period, it had 17.8 billion yuan in total assets and 11.8 billion yuan in total liabilities, with a liability-to-asset ratio of 66.4%.