Hefei Urban Construction Development Co.,Ltd.’s Net Profit Rose 18.3% in First Quarter of 2023

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 55 million yuan in the first quarter of 2023, up 18.3% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 47.7% year-on-year.

At the end of the reporting period, it had 35.9 billion yuan in total assets and 26.5 billion yuan in total liabilities, with a liability-to-asset ratio of 73.6%.