Ningbo Construction Co.,Ltd.’s Net Profit Rose 21.4% in First Quarter of 2022

Ningbo Construction Co.,Ltd. (宁波建工股份有限公司) (601789.SH) reported a net profit of 104.4 million yuan in the first quarter of 2022, up 21.4% year-on-year.

Meanwhile, the company posted 6 billion yuan in revenue, down 4% year-on-year.

At the end of the reporting period, it had 21.8 billion yuan in total assets and 17.2 billion yuan in total liabilities, with a liability-to-asset ratio of 78.8%.