Nanning Department Store Co.,Ltd. Posted 64.5 Million Yuan Net Loss in 2022

Nanning Department Store Co.,Ltd. (南宁百货大楼股份有限公司) (600712.SH) reported a net loss of 64.5 million yuan in 2022, reversing a net profit of 2.6 million yuan for the previous year.

Meanwhile, the company posted 655.7 million yuan in revenue, down 18.8% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 782.6 million yuan in total liabilities, with a liability-to-asset ratio of 48.8%.