Guangzhou Development Group Incorporated’s Net Profit Rose 46.8% in First Three Quarters of 2022

Guangzhou Development Group Incorporated (广州发展集团股份有限公司) (600098.SH) reported a net profit of 1.1 billion yuan in the first three quarters of 2022, up 46.8% year-on-year.

Meanwhile, the company posted 35.5 billion yuan in revenue, up 26.2% year-on-year.

At the end of the reporting period, it had 59.7 billion yuan in total assets and 32.8 billion yuan in total liabilities, with a liability-to-asset ratio of 55%.