Wolong Real Estate Group Co.,Ltd.’s Net Profit Rose 24.5% in First Quarter of 2023

Wolong Real Estate Group Co.,Ltd. (卧龙地产集团股份有限公司) (600173.SH) reported a net profit of 66.5 million yuan in the first quarter of 2023, up 24.5% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 273.3% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 43.2%.