Hangzhou Binjiang Real Estate Group Co.,Ltd.’s Net Profit Dropped 18.6% in First Half 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 1.6 billion yuan in the first half of 2022, down 18.6% year-on-year.

Meanwhile, the company posted 10.7 billion yuan in revenue, down 44.9% year-on-year.

At the end of the reporting period, it had 252.3 billion yuan in total assets and 210.3 billion yuan in total liabilities, with a liability-to-asset ratio of 83.4%.