Hongrun Construction Group Co.,Ltd.’s Net Profit Rose 69.6% in First Quarter of 2023

Hongrun Construction Group Co.,Ltd. (宏润建设集团股份有限公司) (002062.SZ) reported a net profit of 171.7 million yuan in the first quarter of 2023, up 69.6% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 24.6% year-on-year.

At the end of the reporting period, it had 15.4 billion yuan in total assets and 10.8 billion yuan in total liabilities, with a liability-to-asset ratio of 70.4%.