Shanghai Chengtou Holding Co.,Ltd.’s Net Profit Dropped 13.7% in First Three Quarters of 2023

Shanghai Chengtou Holding Co.,Ltd. (上海城投控股股份有限公司) (600649.SH) reported a net profit of 277.1 million yuan in the first three quarters of 2023, down 13.7% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 64.1% year-on-year.

At the end of the reporting period, it had 74.2 billion yuan in total assets and 52.6 billion yuan in total liabilities, with a liability-to-asset ratio of 70.8%.