China Zhonghua Geotechnical Engineering Group Co.,Ltd. Posted 703.5 Million Yuan Net Loss in 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 703.5 million yuan in 2022, widening 123.4% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 57.9% year-on-year.

At the end of the reporting period, it had 8.5 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.