Reasons for high debt ratio of Jinan Urban Construction Group

Operating income decreased and debt ratio increased.

1. In the past few years, the operating income of Jinan Urban Construction Group showed a downward trend, from 20 1 3 196 1 100 million yuan to 27.532 billion yuan in 20021.

2. The company's asset-liability ratio has increased year by year, from 66.82% in 20 19 to 72.98% in 202 1 year. This shows that the company's debt burden is gradually increasing.