Grandjoy Holdings Group Co.,Ltd. Posted 2.2 Billion Yuan Net Loss in 2022

Grandjoy Holdings Group Co.,Ltd. (大悦城控股集团股份有限公司) (000031.SZ) reported a net loss of 2.2 billion yuan in 2022, reversing a net profit of 767.4 million yuan for the previous year.

Meanwhile, the company posted 39.6 billion yuan in revenue, down 7.1% year-on-year.

At the end of the reporting period, it had 214.4 billion yuan in total assets and 166.9 billion yuan in total liabilities, with a liability-to-asset ratio of 77.9%.