Shanghai Tunnel Engineering Co.,Ltd.’s Net Profit Rose 50.4% in First Quarter of 2023

Shanghai Tunnel Engineering Co.,Ltd. (上海隧道工程股份有限公司) (600820.SH) reported a net profit of 462.4 million yuan in the first quarter of 2023, up 50.4% year-on-year.

Meanwhile, the company posted 11.4 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 143.9 billion yuan in total assets and 109.6 billion yuan in total liabilities, with a liability-to-asset ratio of 76.2%.