Nanjing Chixia Development Co.,Ltd.’s Net Profit Dropped 77.3% in First Quarter of 2023

Nanjing Chixia Development Co.,Ltd. (南京栖霞建设股份有限公司) (600533.SH) reported a net profit of 27.8 million yuan in the first quarter of 2023, down 77.3% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 172.1% year-on-year.

At the end of the reporting period, it had 22.7 billion yuan in total assets and 18.1 billion yuan in total liabilities, with a liability-to-asset ratio of 79.5%.