May 03, 2023 08:00 AM

China Fortune Land Development Co.,Ltd. Posted 1.1 Billion Yuan Net Profit in 2022

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China Fortune Land Development Co.,Ltd. (华夏幸福基业股份有限公司) (600340.SH) reported a net profit of 1.1 billion yuan in 2022, reversing a net loss of 39.8 billion yuan for the previous year.

Meanwhile, the company posted 31.9 billion yuan in revenue, down 26% year-on-year.

At the end of the reporting period, it had 408.6 billion yuan in total assets and 384.3 billion yuan in total liabilities, with a liability-to-asset ratio of 94%.

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