Cinda Real Estate Co.,Ltd.’s Net Profit Dropped 45.7% in First Quarter of 2023

Cinda Real Estate Co.,Ltd. (信达地产股份有限公司) (600657.SH) reported a net profit of 31.5 million yuan in the first quarter of 2023, down 45.7% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 68.1% year-on-year.

At the end of the reporting period, it had 85.5 billion yuan in total assets and 60.6 billion yuan in total liabilities, with a liability-to-asset ratio of 70.9%.