Shanghai Construction Engineering Group Co., Ltd.: Turn losses into profits! Net profit 600 million to 800 million!

On July 14, Shanghai Construction Engineering Group Co., Ltd. issued a semi-annual performance forecast for 2023.

The announcement shows that the net profit attributable to shareholders of listed companies is expected to reach 600 million yuan to 800 million yuan in the first half of 2023, which will turn losses into profits compared with the same period last year. It is estimated that the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses will be 500 million yuan to 600 million yuan in the first half of 2023.  

Shanghai Construction Engineering analysis of the main reasons for the increase in net profit is: the company's production and operation return to normal, the industry recovery. The company's operating income increased by about 43.5 billion yuan over the same period of last year, and the expenditure on dealing with shutdown decreased year on year, while the profit increased.