Maoye Commercial Co.,Ltd.’s Net Profit Dropped 20.5% in 2022

Maoye Commercial Co.,Ltd. (茂业商业股份有限公司) (600828.SH) reported a net profit of 333.3 million yuan in 2022, down 20.5% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 18.2% year-on-year.

At the end of the reporting period, it had 20.5 billion yuan in total assets and 12.8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.4%.