Wangfujing Group Co.,Ltd.’s Net Profit Dropped 90.1% in 2022

Wangfujing Group Co.,Ltd. (王府井集团股份有限公司) (600859.SH) reported a net profit of 136.6 million yuan in 2022, down 90.1% year-on-year.

Meanwhile, the company posted 10.8 billion yuan in revenue, down 15.3% year-on-year.

At the end of the reporting period, it had 36.2 billion yuan in total assets and 16.2 billion yuan in total liabilities, with a liability-to-asset ratio of 44.9%.