Nanjing Central Emporium Stocks Co.,Ltd.’s Net Profit Dropped 77.4% in First Quarter of 2022

Nanjing Central Emporium Stocks Co.,Ltd. (南京中央商场(集团)股份有限公司) (600280.SH) reported a net profit of 7.2 million yuan in the first quarter of 2022, down 77.4% year-on-year.

Meanwhile, the company posted 685.9 million yuan in revenue, down 35.5% year-on-year.

At the end of the reporting period, it had 13.2 billion yuan in total assets and 12.2 billion yuan in total liabilities, with a liability-to-asset ratio of 92.3%.