Wolong Real Estate Group Co.,Ltd.’s Net Profit Dropped 24.5% in First Half of 2022

Wolong Real Estate Group Co.,Ltd. (卧龙地产集团股份有限公司) (600173.SH) reported a net profit of 262.2 million yuan in the first half of 2022, down 24.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 22.6% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 47.1%.