Shanghai New Huang Pu Industrial Group Co.,Ltd.’s Net Profit Rose 58.3% in First Quarter of 2023

Shanghai New Huang Pu Industrial Group Co.,Ltd. (上海新黄浦实业集团股份有限公司) (600638.SH) reported a net profit of 8.1 million yuan in the first quarter of 2023, up 58.3% year-on-year.

Meanwhile, the company posted 489.5 million yuan in revenue, down 60.9% year-on-year.

At the end of the reporting period, it had 24 billion yuan in total assets and 19.4 billion yuan in total liabilities, with a liability-to-asset ratio of 80.8%.