Shanghai Ace Investment&Development Co.,Ltd. Posted 36.2 Million Yuan Net Loss in First Half of 2023

Shanghai Ace Investment&Development Co.,Ltd. (上海雅仕投资发展股份有限公司) (603329.SH) reported a net loss of 36.2 million yuan in the first half of 2023, reversing a net profit of 179.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 31.8% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 882.5 million yuan in total liabilities, with a liability-to-asset ratio of 41.8%.