Nanning Department Store Co.,Ltd. Posted 4.1 Million Yuan Net Loss in First Quarter of 2022

Nanning Department Store Co.,Ltd. (南宁百货大楼股份有限公司) (600712.SH) reported a net loss of 4.1 million yuan in the first quarter of 2022, reversing a net profit of 1 million yuan for the same period in the previous year.

Meanwhile, the company posted 168.3 million yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 725.6 million yuan in total liabilities, with a liability-to-asset ratio of 45.2%.