Jiangxi Hongcheng Environment Co.,Ltd.’s Net Profit Dropped 3.5% in First Three Quarters of 2022

Jiangxi Hongcheng Environment Co.,Ltd. (江西洪城环境股份有限公司) (600461.SH) reported a net profit of 891.6 million yuan in the first three quarters of 2022, down 3.5% year-on-year.

Meanwhile, the company posted 5.4 billion yuan in revenue, down 13.6% year-on-year.

At the end of the reporting period, it had 21.3 billion yuan in total assets and 13.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.6%.