Shanghai Chengtou Holding Co.,Ltd.’s Net Profit Dropped 28.1% in First Half 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 414.6 million yuan in the first half of 2022, down 28.1% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 5.6% year-on-year.

At the end of the reporting period, it had 73.7 billion yuan in total assets and 51.3 billion yuan in total liabilities, with a liability-to-asset ratio of 69.5%.