Shanghai Chengtou Holding Co.,Ltd.’s Net Profit Dropped 12.7% in 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 783.4 million yuan in 2022, down 12.7% year-on-year.

Meanwhile, the company posted 8.5 billion yuan in revenue, down 7.9% year-on-year.

At the end of the reporting period, it had 71.3 billion yuan in total assets and 49.7 billion yuan in total liabilities, with a liability-to-asset ratio of 69.7%.