Shanghai Industrial Development Co.,Ltd. Posted 123.3 Million Yuan Net Loss in First Half of 2022

Shanghai Industrial Development Co.,Ltd. (上海实业发展股份有限公司) (600748.SH) reported a net loss of 123.3 million yuan in the first half of 2022, reversing a net profit of 507.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 62% year-on-year.

At the end of the reporting period, it had 41.3 billion yuan in total assets and 30.4 billion yuan in total liabilities, with a liability-to-asset ratio of 73.7%.