Ningbo Construction Co.,Ltd.’s Net Profit Dropped 26.6% in First Half of 2022

Ningbo Construction Co.,Ltd. (宁波建工股份有限公司) (601789.SH) reported a net profit of 179 million yuan in the first half of 2022, down 26.6% year-on-year.

Meanwhile, the company posted 10.2 billion yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 22.4 billion yuan in total assets and 17.6 billion yuan in total liabilities, with a liability-to-asset ratio of 78.7%.