Hefei Urban Construction Development Co.,Ltd.’s Net Profit Dropped 74.8% in First Three Quarters of 2022

Hefei Urban Construction Development Co.,Ltd. (合肥城建发展股份有限公司) (002208.SZ) reported a net profit of 177.1 million yuan in the first three quarters of 2022, down 74.8% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 73.2% year-on-year.

At the end of the reporting period, it had 31.6 billion yuan in total assets and 23.1 billion yuan in total liabilities, with a liability-to-asset ratio of 73.1%.