China Zhonghua Geotechnical Engineering Group Co.,Ltd. Posted 177.6 Million Yuan Net Loss in First Three Quarters 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 177.6 million yuan in the first three quarters of 2022, reversing a net profit of 102.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 63.5% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 60.4%.