Shanghai Shimao Co.,Ltd. Posted 409.1 Million Yuan Net Loss in First Half of 2023

Shanghai Shimao Co.,Ltd. (上海世茂股份有限公司) (600823.SH) reported a net loss of 409.1 million yuan in the first half of 2023, narrowing 14.1% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 37.6% year-on-year.

At the end of the reporting period, it had 128.7 billion yuan in total assets and 88.4 billion yuan in total liabilities, with a liability-to-asset ratio of 68.7%.