Shanghai Industrial Development Co.,Ltd. Posted 156.7 Million Yuan Net Loss in First Three Quarters 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 156.7 million yuan in the first three quarters of 2022, reversing a net profit of 544.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, down 55.9% year-on-year.

At the end of the reporting period, it had 42.8 billion yuan in total assets and 32.2 billion yuan in total liabilities, with a liability-to-asset ratio of 75.4%.