Nanjing Public Utilities Development Co.,Ltd.’s Net Profit Dropped 48.1% in 2022

Nanjing Public Utilities Development Co.,Ltd. (南京公用发展股份有限公司) (000421.SZ) reported a net profit of 87 million yuan in 2022, down 48.1% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, up 98.2% year-on-year.

At the end of the reporting period, it had 15.5 billion yuan in total assets and 11.4 billion yuan in total liabilities, with a liability-to-asset ratio of 74%.