Cinda Real Estate Co.,Ltd.’s Net Profit Dropped 78.4% in First Quarter of 2022

Cinda Real Estate Co.,Ltd. (信达地产股份有限公司) (600657.SH) reported a net profit of 58.1 million yuan in the first quarter of 2022, down 78.4% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, up 196.5% year-on-year.

At the end of the reporting period, it had 84 billion yuan in total assets and 59.3 billion yuan in total liabilities, with a liability-to-asset ratio of 70.5%.