Shanghai Bailian Group Co.,Ltd.’s Net Profit Dropped 31.6% in First Quarter of 2022

Shanghai Bailian Group Co.,Ltd. (上海百联集团股份有限公司) (600827.SH) reported a net profit of 276 million yuan in the first quarter of 2022, down 31.6% year-on-year.

Meanwhile, the company posted 10.3 billion yuan in revenue, down 0.5% year-on-year.

At the end of the reporting period, it had 56.8 billion yuan in total assets and 36.4 billion yuan in total liabilities, with a liability-to-asset ratio of 64.1%.