Guangzhou Grandbuy Co.,Ltd. Posted 22.2 Million Yuan Net Loss in First Half of 2022

Guangzhou Grandbuy Co.,Ltd. (广州市广百股份有限公司) (002187.SZ) reported a net loss of 22.2 million yuan in the first half of 2022, reversing a net profit of 153.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 5.6% year-on-year.

At the end of the reporting period, it had 9 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 54.6%.