Shenzhen Zhongzhuang Construction Group Co.,Ltd. Posted 86.9 Million Yuan Net Loss in First Three Quarters 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 86.9 million yuan in the first three quarters of 2023, reversing a net profit of 9.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.6 billion yuan in revenue, down 21.9% year-on-year.

At the end of the reporting period, it had 8.6 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 57.6%.