Jiangsu Expressway Company Limited’s Net Profit Dropped 12.4% in 2022

Jiangsu Expressway Company Limited (江苏宁沪高速公路股份有限公司) (600377.SH) reported a net profit of 3.7 billion yuan in 2022, down 12.4% year-on-year.

Meanwhile, the company posted 13.3 billion yuan in revenue, down 7% year-on-year.

At the end of the reporting period, it had 78.5 billion yuan in total assets and 40.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.