Shanghai Pudong Construction Co.,Ltd.’s Net Profit Dropped 22.7% in First Quarter of 2023

Shanghai Pudong Construction Co.,Ltd. (上海浦东建设股份有限公司) (600284.SH) reported a net profit of 121 million yuan in the first quarter of 2023, down 22.7% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, up 1.9% year-on-year.

At the end of the reporting period, it had 26.2 billion yuan in total assets and 18.9 billion yuan in total liabilities, with a liability-to-asset ratio of 71.9%.