Jiangsu Phoenix Property Investment Company Limited’s Net Profit Rose 22.3% in First Three Quarters of 2023

Jiangsu Phoenix Property Investment Company Limited (江苏凤凰置业投资股份有限公司) (600716.SH) reported a net profit of 46.1 million yuan in the first three quarters of 2023, up 22.3% year-on-year.

Meanwhile, the company posted 279.8 million yuan in revenue, down 50.5% year-on-year.

At the end of the reporting period, it had 8.1 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 36%.