Shanghai Tunnel Engineering Co.,Ltd.’s Net Profit Rose 11.4% in First Three Quarters of 2023

Shanghai Tunnel Engineering Co.,Ltd. (上海隧道工程股份有限公司) (600820.SH) reported a net profit of 1.6 billion yuan in the first three quarters of 2023, up 11.4% year-on-year.

Meanwhile, the company posted 46.9 billion yuan in revenue, up 9% year-on-year.

At the end of the reporting period, it had 153.6 billion yuan in total assets and 119.3 billion yuan in total liabilities, with a liability-to-asset ratio of 77.7%.