Hangzhou Binjiang Real Estate Group Co.,Ltd.’s Net Profit Dropped 23.2% in First Quarter of 2022

Hangzhou Binjiang Real Estate Group Co.,Ltd. (杭州滨江房产集团股份有限公司) (002244.SZ) reported a net profit of 372.5 million yuan in the first quarter of 2022, down 23.2% year-on-year.

Meanwhile, the company posted 6.2 billion yuan in revenue, down 16.8% year-on-year.

At the end of the reporting period, it had 224.7 billion yuan in total assets and 184.3 billion yuan in total liabilities, with a liability-to-asset ratio of 82%.