Jiangxi Hongcheng Environment Co.,Ltd.’s Net Profit Dropped 11.1% in 2022

Jiangxi Hongcheng Environment Co.,Ltd. (江西洪城环境股份有限公司) (600461.SH) reported a net profit of 1.1 billion yuan in 2022, down 11.1% year-on-year.

Meanwhile, the company posted 7.8 billion yuan in revenue, down 14.9% year-on-year.

At the end of the reporting period, it had 20.9 billion yuan in total assets and 12.8 billion yuan in total liabilities, with a liability-to-asset ratio of 61.3%.