Cinda Real Estate Co.,Ltd.’s Net Profit Dropped 31.9% in 2022

Cinda Real Estate Co.,Ltd. (信达地产股份有限公司) (600657.SH) reported a net profit of 575 million yuan in 2022, down 31.9% year-on-year.

Meanwhile, the company posted 18.2 billion yuan in revenue, down 17.4% year-on-year.

At the end of the reporting period, it had 88.4 billion yuan in total assets and 63.3 billion yuan in total liabilities, with a liability-to-asset ratio of 71.6%.