Shaanxi Construction Engineering Group Corporation Limited’s Net Profit Rose 19.5% in First Quarter of 2022

Shaanxi Construction Engineering Group Corporation Limited (陕西建工集团股份有限公司) (600248.SH) reported a net profit of 895.3 million yuan in the first quarter of 2022, up 19.5% year-on-year.

Meanwhile, the company posted 33.5 billion yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 230.9 billion yuan in total assets and 206.8 billion yuan in total liabilities, with a liability-to-asset ratio of 89.6%.