Guangzhou Grandbuy Co.,Ltd. Posted 67.8 Million Yuan Net Loss in First Three Quarters of 2022

Guangzhou Grandbuy Co.,Ltd. (广州市广百股份有限公司) (002187.SZ) reported a net loss of 67.8 million yuan in the first three quarters of 2022, reversing a net profit of 172.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.8 billion yuan in revenue, down 14.9% 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 54.7%.