Shanghai Dragon Corporation Posted 11 Million Yuan Net Profit in First Half of 2023

Shanghai Dragon Corporation (上海龙头(集团)股份有限公司) (600630.SH) reported a net profit of 11 million yuan in the first half of 2023, reversing a net loss of 23.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 797.5 million yuan in revenue, down 36.4% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 847.2 million yuan in total liabilities, with a liability-to-asset ratio of 53.8%.