Ningxia Building Materials Group Co.,Ltd.’s Net Profit Dropped 33.3% in 2022

Ningxia Building Materials Group Co.,Ltd. (宁夏建材集团股份有限公司) (600449.SH) reported a net profit of 578.4 million yuan in 2022, down 33.3% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, up 49.7% year-on-year.

At the end of the reporting period, it had 10.1 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 26.2%.