Long Yuan Construction Group Co.,Ltd. Posted 523.9 Million Yuan Net Loss in First Half of 2023

Long Yuan Construction Group Co.,Ltd. (龙元建设集团股份有限公司) (600491.SH) reported a net loss of 523.9 million yuan in the first half of 2023, reversing a net profit of 268.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.8 billion yuan in revenue, down 39.9% year-on-year.

At the end of the reporting period, it had 61.7 billion yuan in total assets and 48.9 billion yuan in total liabilities, with a liability-to-asset ratio of 79.3%.