Beijing Urban Construction Investment&Development Co.,Ltd. Posted 553.8 Million Yuan Net Profit in First Half of 2023

Beijing Urban Construction Investment&Development Co.,Ltd. (北京城建投资发展股份有限公司) (600266.SH) reported a net profit of 553.8 million yuan in the first half of 2023, reversing a net loss of 296.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 9.7 billion yuan in revenue, up 16.1% year-on-year.

At the end of the reporting period, it had 144.4 billion yuan in total assets and 116.9 billion yuan in total liabilities, with a liability-to-asset ratio of 81%.