Beijing Urban Construction Investment&Development Co.,Ltd. Posted 32.4 Million Yuan Net Profit in First Quarter of 2023

Beijing Urban Construction Investment&Development Co.,Ltd. (北京城建投资发展股份有限公司) (600266.SH) reported a net profit of 32.4 million yuan in the first quarter of 2023, reversing a net loss of 1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 56.5% year-on-year.

At the end of the reporting period, it had 146.9 billion yuan in total assets and 119.6 billion yuan in total liabilities, with a liability-to-asset ratio of 81.4%.