Xiamen C&D Co.,Ltd.’s Net Profit Rose 54.9% in First Quarter of 2022

Xiamen C&D Co.,Ltd. (厦门建发股份有限公司) (600153.SH) reported a net profit of 1.3 billion yuan in the first quarter of 2022, up 54.9% year-on-year.

Meanwhile, the company posted 150.6 billion yuan in revenue, up 40.6% year-on-year.

At the end of the reporting period, it had 688.5 billion yuan in total assets and 548.3 billion yuan in total liabilities, with a liability-to-asset ratio of 79.6%.