Hongrun Construction Group Co.,Ltd.’s Net Profit Dropped 3.2% in First Quarter of 2022

Hongrun Construction Group Co.,Ltd. (宏润建设集团股份有限公司) (002062.SZ) reported a net profit of 101.3 million yuan in the first quarter of 2022, down 3.2% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 18.9% year-on-year.

At the end of the reporting period, it had 17.5 billion yuan in total assets and 13.4 billion yuan in total liabilities, with a liability-to-asset ratio of 76.7%.