Rongan Property Co.,Ltd.’s Net Profit Dropped 9.7% in First Three Quarters of 2023

Rongan Property Co.,Ltd. (荣安地产股份有限公司) (000517.SZ) reported a net profit of 1 billion yuan in the first three quarters of 2023, down 9.7% year-on-year.

Meanwhile, the company posted 13.5 billion yuan in revenue, up 32.1% year-on-year.

At the end of the reporting period, it had 58.1 billion yuan in total assets and 47.6 billion yuan in total liabilities, with a liability-to-asset ratio of 81.9%.