Shanghai Chengtou Holding Co.,Ltd.’s Net Profit Rose 178.4% in First Quarter of 2022

Shanghai Chengtou Holding Co.,Ltd. (上海城投控股股份有限公司) (600649.SH) reported a net profit of 474.6 million yuan in the first quarter of 2022, up 178.4% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 2.7% year-on-year.

At the end of the reporting period, it had 70.9 billion yuan in total assets and 48.1 billion yuan in total liabilities, with a liability-to-asset ratio of 67.8%.