Wushang Group Co.,Ltd.’s Net Profit Dropped 40.7% in First Half of 2022

Wushang Group Co.,Ltd. (武商集团股份有限公司) (000501.SZ) reported a net profit of 268.1 million yuan in the first half of 2022, down 40.7% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 8.9% year-on-year.

At the end of the reporting period, it had 30.1 billion yuan in total assets and 19.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64%.