Greattown Holdings Ltd. Posted 95 Million Yuan Net Profit in First Quarter of 2023

Greattown Holdings Ltd. (上海大名城企业股份有限公司) (600094.SH) reported a net profit of 95 million yuan in the first quarter of 2023, reversing a net loss of 79.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 82.6% year-on-year.

At the end of the reporting period, it had 35 billion yuan in total assets and 22.2 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.