Shanghai Dazhong Public Utilities(Group) Co.,Ltd. Posted 567.8 Million Yuan Net Profit in First Half of 2023

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (上海大众公用事业(集团)股份有限公司) (600635.SH) reported a net profit of 567.8 million yuan in the first half of 2023, reversing a net loss of 62.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.6 billion yuan in revenue, up 13.6% year-on-year.

At the end of the reporting period, it had 23.9 billion yuan in total assets and 13.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.1%.