China West Construction Group Co.,Ltd. Posted 59.1 Million Yuan Net Loss in First Quarter of 2023

China West Construction Group Co.,Ltd. (中建西部建设股份有限公司) (002302.SZ) reported a net loss of 59.1 million yuan in the first quarter of 2023, reversing a net profit of 65 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.1 billion yuan in revenue, down 13.1% year-on-year.

At the end of the reporting period, it had 32.8 billion yuan in total assets and 22.5 billion yuan in total liabilities, with a liability-to-asset ratio of 68.5%.