Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Posted 62.4 Million Yuan Net Loss in First Three Quarters 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 62.4 million yuan in the first three quarters of 2022, reversing a net profit of 320.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.3 billion yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 24 billion yuan in total assets and 14.3 billion yuan in total liabilities, with a liability-to-asset ratio of 59.3%.