Shanghai Tunnel Engineering Co.,Ltd.’s Net Profit Dropped 26.8% in First Half 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 587.9 million yuan in the first half of 2022, down 26.8% year-on-year.

Meanwhile, the company posted 20.2 billion yuan in revenue, down 22.5% year-on-year.

At the end of the reporting period, it had 132.2 billion yuan in total assets and 102.4 billion yuan in total liabilities, with a liability-to-asset ratio of 77.5%.