Shanghai Lujiazui Finance&Trade Zone Development Co.,Ltd.’s Net Profit Dropped 29.1% in First Quarter of 2023

Shanghai Lujiazui Finance&Trade Zone Development Co.,Ltd. (上海陆家嘴金融贸易区开发股份有限公司) (600663.SH) reported a net profit of 558.2 million yuan in the first quarter of 2023, down 29.1% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 26.7% year-on-year.

At the end of the reporting period, it had 125.8 billion yuan in total assets and 87.6 billion yuan in total liabilities, with a liability-to-asset ratio of 69.6%.