Hangzhou Binjiang Real Estate Group Co.,Ltd.’s Net Profit Dropped 20.7% in 2022

Hangzhou Binjiang Real Estate Group Co.,Ltd. (杭州滨江房产集团股份有限公司) (002244.SZ) reported a net profit of 3.9 billion yuan in 2022, down 20.7% year-on-year.

Meanwhile, the company posted 41.5 billion yuan in revenue, up 9.3% year-on-year.

At the end of the reporting period, it had 276.2 billion yuan in total assets and 223.5 billion yuan in total liabilities, with a liability-to-asset ratio of 80.9%.