Rongan Property Co.,Ltd.’s Net Profit Rose 32.7% in First Quarter of 2023

Rongan Property Co.,Ltd. (荣安地产股份有限公司) (000517.SZ) reported a net profit of 649.7 million yuan in the first quarter of 2023, up 32.7% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, up 35.5% year-on-year.

At the end of the reporting period, it had 67.4 billion yuan in total assets and 56 billion yuan in total liabilities, with a liability-to-asset ratio of 83%.