Shanghai Shimao Co.,Ltd. Posted 476.2 Million Yuan Net Loss in First Half of 2022

Shanghai Shimao Co.,Ltd. (上海世茂股份有限公司) (600823.SH) reported a net loss of 476.2 million yuan in the first half of 2022, reversing a net profit of 2.2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 3.6 billion yuan in revenue, down 69.9% year-on-year.

At the end of the reporting period, it had 138.3 billion yuan in total assets and 89.8 billion yuan in total liabilities, with a liability-to-asset ratio of 65%.