Shanghai Bailian Group Co.,Ltd. Posted 90.5 Million Yuan Net Loss in First Half of 2022

Shanghai Bailian Group Co.,Ltd. (上海百联集团股份有限公司) (600827.SH) reported a net loss of 90.5 million yuan in the first half of 2022, reversing a net profit of 651.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 17.1 billion yuan in revenue, down 7.1% year-on-year.

At the end of the reporting period, it had 56.2 billion yuan in total assets and 36.5 billion yuan in total liabilities, with a liability-to-asset ratio of 65%.