Hangzhou Binjiang Real Estate Group Co.,Ltd.’s Net Profit Rose 148.7% in First Quarter of 2023

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 926.2 million yuan in the first quarter of 2023, up 148.7% year-on-year.

Meanwhile, the company posted 10.1 billion yuan in revenue, up 63.1% year-on-year.

At the end of the reporting period, it had 299 billion yuan in total assets and 241.2 billion yuan in total liabilities, with a liability-to-asset ratio of 80.7%.