Shanghai Tunnel Engineering Co.,Ltd.’s Net Profit Rose 23.3% in 2022

Shanghai Tunnel Engineering Co.,Ltd. (上海隧道工程股份有限公司) (600820.SH) reported a net profit of 3 billion yuan in 2022, up 23.3% year-on-year.

Meanwhile, the company posted 65.3 billion yuan in revenue, up 4.9% year-on-year.

At the end of the reporting period, it had 146.4 billion yuan in total assets and 112.6 billion yuan in total liabilities, with a liability-to-asset ratio of 76.9%.