Chongqing Construction Engineering Group Corporation Limited’s Net Profit Dropped 43.5% in First Half 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 123.8 million yuan in the first half of 2023, down 43.5% year-on-year.

Meanwhile, the company posted 20.9 billion yuan in revenue, down 25.1% year-on-year.

At the end of the reporting period, it had 80.4 billion yuan in total assets and 71.5 billion yuan in total liabilities, with a liability-to-asset ratio of 88.9%.