Maoye Commercial Co.,Ltd.’s Net Profit Dropped 56.5% in First Half of 2022

Maoye Commercial Co.,Ltd. (茂业商业股份有限公司) (600828.SH) reported a net profit of 142.4 million yuan in the first half of 2022, down 56.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 23.5% year-on-year.

At the end of the reporting period, it had 20.9 billion yuan in total assets and 13.4 billion yuan in total liabilities, with a liability-to-asset ratio of 64.1%.