Maoye Commercial Co.,Ltd.’s Net Profit Dropped 80.5% in First Three Quarters of 2022

Maoye Commercial Co.,Ltd. (茂业商业股份有限公司) (600828.SH) reported a net profit of 72.4 million yuan in the first three quarters of 2022, down 80.5% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 25.7% year-on-year.

At the end of the reporting period, it had 20.3 billion yuan in total assets and 12.8 billion yuan in total liabilities, with a liability-to-asset ratio of 63.2%.