Shanghai Ganglian E-Commerce Holdings Co.,Ltd.’s Net Profit Dropped 13.3% in First Half of 2022

Shanghai Ganglian E-Commerce Holdings Co.,Ltd. (上海钢联电子商务股份有限公司) (300226.SZ) reported a net profit of 170.4 million yuan in the first half of 2022, down 13.3% year-on-year.

Meanwhile, the company posted 38.3 billion yuan in revenue, up 34.9% year-on-year.

At the end of the reporting period, it had 16.7 billion yuan in total assets and 12.9 billion yuan in total liabilities, with a liability-to-asset ratio of 77.1%.