Shanghai SIPG FC reports CNY360m financial loss for the first half year

Shanghai SIPG Group have released their 2018 Mid-Year Report recently. The report shows that Shanghai SIPG FC had over CNY900m in revenues in the first half of 2018, but had over CNY360m in losses. 

This represents a slight decrease in revenue but a significant decrease in profits compared to 2017. The club had a total revenue of CNY2.076bn and a net CNY49.99m profit belonging to the parent company in 2017. 

If they are going to catch up with last year, they are going to have to work harder for the rest of 2018. The club have not achieved successful performances on the field up to now as they have been knocked out of the AFC Champions League and the CFA Cup. They are now ranked 2nd in the Chinese Super League with 20 matches played. 

Source: Dongqiudi 

Proofread by Raymond Fitzpatrick