Beijing Urban Construction Investment&Development Co.,Ltd. Posted 776.4 Million Yuan Net Loss in First Three Quarters 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 776.4 million yuan in the first three quarters of 2022, reversing a net profit of 524.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 9.7 billion yuan in revenue, down 23.4% year-on-year.

At the end of the reporting period, it had 148.7 billion yuan in total assets and 121 billion yuan in total liabilities, with a liability-to-asset ratio of 81.4%.