Shenzhen Zhongzhuang Construction Group Co.,Ltd. Posted 51.5 Million Yuan Net Loss in First Half of 2023

Shenzhen Zhongzhuang Construction Group Co.,Ltd. (深圳市中装建设集团股份有限公司) (002822.SZ) reported a net loss of 51.5 million yuan in the first half of 2023, reversing a net profit of 28.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 24.7% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 58.8%.