Shanghai Wai Gaoqiao Free Trade Zone Development Co.,Ltd.’s Net Profit Dropped 25.4% in First Half of 2023

Shanghai Wai Gaoqiao Free Trade Zone Development Co.,Ltd. (上海外高桥集团股份有限公司) (600648.SH) reported a net profit of 527 million yuan in the first half of 2023, down 25.4% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 22.4% year-on-year.

At the end of the reporting period, it had 40.6 billion yuan in total assets and 28.1 billion yuan in total liabilities, with a liability-to-asset ratio of 69.3%.