Guangzhou Grandbuy Co.,Ltd.’s Net Profit Dropped 73.9% in First Quarter of 2022

Guangzhou Grandbuy Co.,Ltd. (广州市广百股份有限公司) (002187.SZ) reported a net profit of 29 million yuan in the first quarter of 2022, down 73.9% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 11.1% year-on-year.

At the end of the reporting period, it had 9.4 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.