Shanghai Chengtou Holding Co.,Ltd.’s Net Profit Dropped 57% in First Three Quarters 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 320.8 million yuan in the first three quarters of 2022, down 57% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, up 28.7% year-on-year.

At the end of the reporting period, it had 72.3 billion yuan in total assets and 51.1 billion yuan in total liabilities, with a liability-to-asset ratio of 70.7%.