May 05, 2023 08:00 AM

Rongan Property Co.,Ltd.’s Net Profit Dropped 29.2% in 2022

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Rongan Property Co.,Ltd. (荣安地产股份有限公司) (000517.SZ) reported a net profit of 821.2 million yuan in 2022, down 29.2% year-on-year.

Meanwhile, the company posted 14.2 billion yuan in revenue, down 22.1% year-on-year.

At the end of the reporting period, it had 73.3 billion yuan in total assets and 62.5 billion yuan in total liabilities, with a liability-to-asset ratio of 85.3%.

This article was automatically produced by Caixin Automation on May 8, 2023.

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