Shanghai Industrial Development Co.,Ltd.’s Net Profit Dropped 20.4% in 2022

Shanghai Industrial Development Co.,Ltd. (上海实业发展股份有限公司) (600748.SH) reported a net profit of 62.4 million yuan in 2022, down 20.4% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, down 47.9% year-on-year.

At the end of the reporting period, it had 45.3 billion yuan in total assets and 34.3 billion yuan in total liabilities, with a liability-to-asset ratio of 75.7%.