Bright Real Estate Group Co.,Ltd.’s Net Profit Dropped 62.9% in 2022

Bright Real Estate Group Co.,Ltd. (光明房地产集团股份有限公司) (600708.SH) reported a net profit of 172.7 million yuan in 2022, down 62.9% year-on-year.

Meanwhile, the company posted 16.5 billion yuan in revenue, down 36.1% year-on-year.

At the end of the reporting period, it had 67.5 billion yuan in total assets and 55.7 billion yuan in total liabilities, with a liability-to-asset ratio of 82.6%.