Tengda Construction Group Co.,Ltd.’s Net Profit Dropped 89% in 2022

Tengda Construction Group Co.,Ltd. (腾达建设集团股份有限公司) (600512.SH) reported a net profit of 90.8 million yuan in 2022, down 89% year-on-year.

Meanwhile, the company posted 5.8 billion yuan in revenue, down 15.7% year-on-year.

At the end of the reporting period, it had 11.3 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 46.6%.