Shanghai Industrial Development Co.,Ltd. Posted 402.6 Million Yuan Net Profit in First Half of 2023

Shanghai Industrial Development Co.,Ltd. (上海实业发展股份有限公司) (600748.SH) reported a net profit of 402.6 million yuan in the first half of 2023, reversing a net loss of 123.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 149.6% year-on-year.

At the end of the reporting period, it had 34.6 billion yuan in total assets and 23.3 billion yuan in total liabilities, with a liability-to-asset ratio of 67.4%.