Guangzhou Shangpin Home Collection Co.,Ltd. Posted 101.2 Million Yuan Net Loss in First Half of 2022

Guangzhou Shangpin Home Collection Co.,Ltd. (广州尚品宅配家居股份有限公司) (300616.SZ) reported a net loss of 101.2 million yuan in the first half of 2022, reversing a net profit of 43.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 27.5% year-on-year.

At the end of the reporting period, it had 7.8 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 55.5%.