Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Posted 62.5 Million Yuan Net Loss in First Half of 2022

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (上海大众公用事业(集团)股份有限公司) (600635.SH) reported a net loss of 62.5 million yuan in the first half of 2022, reversing a net profit of 303 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 24.2 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 59.6%.