Hefei Department Store Group Co.,Ltd.’s Net Profit Dropped 12.9% in First Quarter of 2022

Hefei Department Store Group Co.,Ltd. (合肥百货大楼集团股份有限公司) (000417.SZ) reported a net profit of 108.3 million yuan in the first quarter of 2022, down 12.9% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 0.2% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 7.7 billion yuan in total liabilities, with a liability-to-asset ratio of 60%.