Nanjing Central Emporium Stocks Co.,Ltd.’s Net Profit Dropped 99% in First Half of 2022

Nanjing Central Emporium Stocks Co.,Ltd. (南京中央商场(集团)股份有限公司) (600280.SH) reported a net profit of 81,049 yuan in the first half of 2022, down 99% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 24.5% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 11.9 billion yuan in total liabilities, with a liability-to-asset ratio of 92.2%.