Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Posted 254.1 Million Yuan Net Loss in 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 254.1 million yuan in 2022, reversing a net profit of 392.2 million yuan for the previous year.

Meanwhile, the company posted 5.8 billion yuan in revenue, up 5.7% year-on-year.

At the end of the reporting period, it had 23.6 billion yuan in total assets and 14 billion yuan in total liabilities, with a liability-to-asset ratio of 59.4%.