Long Yuan Construction Group Co.,Ltd.’s Net Profit Dropped 45.3% in 2022

Long Yuan Construction Group Co.,Ltd. (龙元建设集团股份有限公司) (600491.SH) reported a net profit of 376.2 million yuan in 2022, down 45.3% year-on-year.

Meanwhile, the company posted 14.2 billion yuan in revenue, down 27.1% year-on-year.

At the end of the reporting period, it had 66.7 billion yuan in total assets and 53.2 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.