Sansheng Shares: a loss of 100 million to 120 million in the first half of 2023!

On July 12, Chongqing Sansheng Co., Ltd. issued a semi-annual performance announcement for 2023.

The announcement shows that in the first half of 2023, the net profit loss of Sansheng shares attributable to shareholders of listed companies ranged from 100 million yuan to 120 million yuan. In the announcement

, Sansheng Co., Ltd. analyzed the reasons for the loss during the reporting period as follows: The main reason for the loss in the first half of 2023 was that the business of the building materials sector was affected by the national policies of strengthening the management of infrastructure construction projects and macro-control of real estate. The slowdown in the growth of project construction, the intensification of competition in the industry, and the increase in financial costs caused by the overdue debts.