Nanning Department Store Co.,Ltd. Posted 4.4 Million Yuan Net Loss in First Quarter of 2023

Nanning Department Store Co.,Ltd. (南宁百货大楼股份有限公司) (600712.SH) reported a net loss of 4.4 million yuan in the first quarter of 2023, widening 7.9% year-on-year.

Meanwhile, the company posted 154.5 million yuan in revenue, down 8.2% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 741 million yuan in total liabilities, with a liability-to-asset ratio of 47.6%.