Long Yuan Construction Group Co.,Ltd.’s Net Profit Rose 0.4% in First Quarter of 2022

Long Yuan Construction Group Co.,Ltd. (龙元建设集团股份有限公司) (600491.SH) reported a net profit of 181.4 million yuan in the first quarter of 2022, up 0.4% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 65.1 billion yuan in total assets and 51.7 billion yuan in total liabilities, with a liability-to-asset ratio of 79.5%.