Shanghai Chengtou Holding Co.,Ltd.’s Net Profit Dropped 34.4% in First Half of 2023

Shanghai Chengtou Holding Co.,Ltd. (上海城投控股股份有限公司) (600649.SH) reported a net profit of 272.2 million yuan in the first half of 2023, down 34.4% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 59.2% year-on-year.

At the end of the reporting period, it had 71 billion yuan in total assets and 49.4 billion yuan in total liabilities, with a liability-to-asset ratio of 69.5%.