Shanghai Wai Gaoqiao Free Trade Zone Development Co.,Ltd.’s Net Profit Dropped 23.3% in First Three Quarters 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 630.2 million yuan in the first three quarters of 2023, down 23.3% year-on-year.

Meanwhile, the company posted 5.4 billion yuan in revenue, down 20.8% year-on-year.

At the end of the reporting period, it had 42.4 billion yuan in total assets and 29.8 billion yuan in total liabilities, with a liability-to-asset ratio of 70.4%.