Jiangsu Zhongnan Construction Group Co.,Ltd. Posted 518.3 Million Yuan Net Loss in First Half of 2023

Jiangsu Zhongnan Construction Group Co.,Ltd. (江苏中南建设集团股份有限公司) (000961.SZ) reported a net loss of 518.3 million yuan in the first half of 2023, narrowing 63.2% year-on-year.

Meanwhile, the company posted 22.8 billion yuan in revenue, down 5.5% year-on-year.

At the end of the reporting period, it had 288.5 billion yuan in total assets and 264.1 billion yuan in total liabilities, with a liability-to-asset ratio of 91.5%.