Rongan Property Co.,Ltd.’s Net Profit Dropped 17% in First Half of 2022

Rongan Property Co.,Ltd. (荣安地产股份有限公司) (000517.SZ) reported a net profit of 677.8 million yuan in the first half of 2022, down 17% year-on-year.

Meanwhile, the company posted 6.3 billion yuan in revenue, down 31.1% year-on-year.

At the end of the reporting period, it had 82 billion yuan in total assets and 67.7 billion yuan in total liabilities, with a liability-to-asset ratio of 82.5%.