Nanjing Chixia Development Co.,Ltd.’s Net Profit Dropped 54% in First Quarter of 2022

Nanjing Chixia Development Co.,Ltd. (南京栖霞建设股份有限公司) (600533.SH) reported a net profit of 122.1 million yuan in the first quarter of 2022, down 54% year-on-year.

Meanwhile, the company posted 686 million yuan in revenue, down 65.7% year-on-year.

At the end of the reporting period, it had 24.1 billion yuan in total assets and 19.4 billion yuan in total liabilities, with a liability-to-asset ratio of 80.6%.