Tengda Construction Group Co.,Ltd. Posted 106.8 Million Yuan Net Loss in First Three Quarters of 2022

Tengda Construction Group Co.,Ltd. (腾达建设集团股份有限公司) (600512.SH) reported a net loss of 106.8 million yuan in the first three quarters of 2022, reversing a net profit of 787 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.4 billion yuan in revenue, down 7.3% year-on-year.

At the end of the reporting period, it had 10.8 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 46%.