Ningbo Construction Co.,Ltd.’s Net Profit Dropped 21.6% in First Three Quarters of 2022

Ningbo Construction Co.,Ltd. (宁波建工股份有限公司) (601789.SH) reported a net profit of 242.1 million yuan in the first three quarters of 2022, down 21.6% year-on-year.

Meanwhile, the company posted 14.8 billion yuan in revenue, down 2.5% year-on-year.

At the end of the reporting period, it had 23.1 billion yuan in total assets and 17.8 billion yuan in total liabilities, with a liability-to-asset ratio of 76.8%.