Hefei Urban Construction Development Co.,Ltd.’s Net Profit Rose 87.3% in First Three Quarters 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 331.8 million yuan in the first three quarters of 2023, up 87.3% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 159% year-on-year.

At the end of the reporting period, it had 38.8 billion yuan in total assets and 28.1 billion yuan in total liabilities, with a liability-to-asset ratio of 72.5%.