Shanghai Ganglian E-Commerce Holdings Co.,Ltd.’s Net Profit Dropped 14.3% in First Three Quarters of 2022

Shanghai Ganglian E-Commerce Holdings Co.,Ltd. (上海钢联电子商务股份有限公司) (300226.SZ) reported a net profit of 241.4 million yuan in the first three quarters of 2022, down 14.3% year-on-year.

Meanwhile, the company posted 59 billion yuan in revenue, up 27.6% year-on-year.

At the end of the reporting period, it had 16.3 billion yuan in total assets and 12.4 billion yuan in total liabilities, with a liability-to-asset ratio of 76.1%.