Guangzhou Grandbuy Co.,Ltd. Posted 144.9 Million Yuan Net Loss in 2022

Guangzhou Grandbuy Co.,Ltd. (广州市广百股份有限公司) (002187.SZ) reported a net loss of 144.9 million yuan in 2022, reversing a net profit of 261.2 million yuan for the previous year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 18.1% year-on-year.

At the end of the reporting period, it had 8.8 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 54.6%.