Shanghai New Huang Pu Industrial Group Co.,Ltd.’s Net Profit Dropped 47.2% in First Half of 2022

Shanghai New Huang Pu Industrial Group Co.,Ltd. (上海新黄浦实业集团股份有限公司) (600638.SH) reported a net profit of 62 million yuan in the first half of 2022, down 47.2% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 57.9% year-on-year.

At the end of the reporting period, it had 23 billion yuan in total assets and 18.4 billion yuan in total liabilities, with a liability-to-asset ratio of 80%.