Wolong Real Estate Group Co.,Ltd.’s Net Profit Dropped 37.9% in 2022

Wolong Real Estate Group Co.,Ltd. (卧龙地产集团股份有限公司) (600173.SH) reported a net profit of 301.2 million yuan in 2022, down 37.9% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, up 54% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 43%.