Shanghai Tunnel Engineering Co.,Ltd.’s Net Profit Rose 46.2% in First Half 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 849 million yuan in the first half of 2023, up 46.2% year-on-year.

Meanwhile, the company posted 23.4 billion yuan in revenue, up 16% year-on-year.

At the end of the reporting period, it had 149.3 billion yuan in total assets and 115.4 billion yuan in total liabilities, with a liability-to-asset ratio of 77.3%.