Shanghai Zhangjiang Hi-Tech Park Development Co.,Ltd. Posted 199.7 Million Yuan Net Profit in First Quarter of 2023

Shanghai Zhangjiang Hi-Tech Park Development Co.,Ltd. (上海张江高科技园区开发股份有限公司) (600895.SH) reported a net profit of 199.7 million yuan in the first quarter of 2023, reversing a net loss of 223.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 247.8 million yuan in revenue, down 78.9% year-on-year.

At the end of the reporting period, it had 44.7 billion yuan in total assets and 29.3 billion yuan in total liabilities, with a liability-to-asset ratio of 65.5%.