Hefei Urban Construction Development Co.,Ltd.’s Net Profit Rose 29.9% in First Half of 2023

Hefei Urban Construction Development Co.,Ltd. (合肥城建发展股份有限公司) (002208.SZ) reported a net profit of 210.7 million yuan in the first half of 2023, up 29.9% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, up 126.7% year-on-year.

At the end of the reporting period, it had 38 billion yuan in total assets and 28.4 billion yuan in total liabilities, with a liability-to-asset ratio of 74.6%.