Shanghai Shentong Metro Co.,Ltd.’s Net Profit Dropped 9.5% in First Quarter of 2023

Shanghai Shentong Metro Co.,Ltd. (上海申通地铁股份有限公司) (600834.SH) reported a net profit of 17.3 million yuan in the first quarter of 2023, down 9.5% year-on-year.

Meanwhile, the company posted 79.6 million yuan in revenue, up 4.4% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 857.2 million yuan in total liabilities, with a liability-to-asset ratio of 33.9%.