Ningbo Construction Co.,Ltd.’s Net Profit Dropped 4.9% in First Quarter of 2023

Ningbo Construction Co.,Ltd. (宁波建工股份有限公司) (601789.SH) reported a net profit of 99.3 million yuan in the first quarter of 2023, down 4.9% year-on-year.

Meanwhile, the company posted 5.7 billion yuan in revenue, down 4.6% year-on-year.

At the end of the reporting period, it had 24 billion yuan in total assets and 18.8 billion yuan in total liabilities, with a liability-to-asset ratio of 78.6%.