Maoye Commercial Co.,Ltd.’s Net Profit Dropped 82.4% in First Quarter of 2022

Maoye Commercial Co.,Ltd. (茂业商业股份有限公司) (600828.SH) reported a net profit of 38.7 million yuan in the first quarter of 2022, down 82.4% year-on-year.

Meanwhile, the company posted 863.4 million yuan in revenue, down 28.7% year-on-year.

At the end of the reporting period, it had 20.8 billion yuan in total assets and 13.1 billion yuan in total liabilities, with a liability-to-asset ratio of 63%.