Shanghai Construction Group Co.,Ltd. Posted 826.4 Million Yuan Net Profit in First Half of 2023

Shanghai Construction Group Co.,Ltd. (上海建工集团股份有限公司) (600170.SH) reported a net profit of 826.4 million yuan in the first half of 2023, reversing a net loss of 638 million yuan for the same period in the previous year.

Meanwhile, the company posted 144.4 billion yuan in revenue, up 45.6% year-on-year.

At the end of the reporting period, it had 355.5 billion yuan in total assets and 304.1 billion yuan in total liabilities, with a liability-to-asset ratio of 85.6%.