Hefei Urban Construction Development Co.,Ltd.’s Net Profit Dropped 55.2% in 2022

Hefei Urban Construction Development Co.,Ltd. (合肥城建发展股份有限公司) (002208.SZ) reported a net profit of 403.3 million yuan in 2022, down 55.2% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, down 46.7% year-on-year.

At the end of the reporting period, it had 33.4 billion yuan in total assets and 24 billion yuan in total liabilities, with a liability-to-asset ratio of 71.9%.