Greenland Holdings Corporation Limited’s Net Profit Dropped 51.3% in 2022

Greenland Holdings Corporation Limited (绿地控股集团股份有限公司) (600606.SH) reported a net profit of 4.6 billion yuan in 2022, down 51.3% year-on-year.

Meanwhile, the company posted 435.5 billion yuan in revenue, down 20% year-on-year.

At the end of the reporting period, it had 1.4 trillion yuan in total assets and 1.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 88%.