Ningbo Construction Co.,Ltd.’s Net Profit Dropped 17.2% in 2022

Ningbo Construction Co.,Ltd. (宁波建工股份有限公司) (601789.SH) reported a net profit of 366.5 million yuan in 2022, down 17.2% year-on-year.

Meanwhile, the company posted 21.9 billion yuan in revenue, up 2.6% year-on-year.

At the end of the reporting period, it had 24.8 billion yuan in total assets and 19.3 billion yuan in total liabilities, with a liability-to-asset ratio of 77.8%.