Shanghai Wai Gaoqiao Free Trade Zone Development Co.,Ltd.’s Net Profit Dropped 95.7% in First Quarter of 2023

Shanghai Wai Gaoqiao Free Trade Zone Development Co.,Ltd. (上海外高桥集团股份有限公司) (600648.SH) reported a net profit of 34.9 million yuan in the first quarter of 2023, down 95.7% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 63.2% year-on-year.

At the end of the reporting period, it had 40.4 billion yuan in total assets and 28.1 billion yuan in total liabilities, with a liability-to-asset ratio of 69.5%.