Chongqing Construction Engineering Group Corporation Limited’s Net Profit Dropped 36.5% in First Quarter of 2023

Chongqing Construction Engineering Group Corporation Limited (重庆建工集团股份有限公司) (600939.SH) reported a net profit of 59.6 million yuan in the first quarter of 2023, down 36.5% year-on-year.

Meanwhile, the company posted 11 billion yuan in revenue, down 19.1% year-on-year.

At the end of the reporting period, it had 80.7 billion yuan in total assets and 71.7 billion yuan in total liabilities, with a liability-to-asset ratio of 88.8%.