Grand Industrial Holding Co.,Ltd.’s Net Profit Dropped 39.1% in 2022

Grand Industrial Holding Co.,Ltd. (远大产业控股股份有限公司) (000626.SZ) reported a net profit of 172.7 million yuan in 2022, down 39.1% year-on-year.

Meanwhile, the company posted 82 billion yuan in revenue, up 0.5% year-on-year.

At the end of the reporting period, it had 7.8 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 57.9%.