Yinchuan Xinhua Commercial(Group) Co.,Ltd.’s Net Profit Rose 80.5% in First Half of 2022

Yinchuan Xinhua Commercial(Group) Co.,Ltd. (银川新华百货商业集团股份有限公司) (600785.SH) reported a net profit of 44 million yuan in the first half of 2022, up 80.5% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 3.2% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 77.1%.