Shanghai Tunnel Engineering Co.,Ltd.’s Net Profit Dropped 6.2% in First Quarter of 2022

Shanghai Tunnel Engineering Co.,Ltd. (上海隧道工程股份有限公司) (600820.SH) reported a net profit of 307.3 million yuan in the first quarter of 2022, down 6.2% year-on-year.

Meanwhile, the company posted 10.7 billion yuan in revenue, up 11.2% year-on-year.

At the end of the reporting period, it had 131.9 billion yuan in total assets and 102.3 billion yuan in total liabilities, with a liability-to-asset ratio of 77.5%.