Shanghai Ganglian E-Commerce Holdings Co.,Ltd.’s Net Profit Rose 32.5% in First Quarter of 2023

Shanghai Ganglian E-Commerce Holdings Co.,Ltd. (上海钢联电子商务股份有限公司) (300226.SZ) reported a net profit of 100.7 million yuan in the first quarter of 2023, up 32.5% year-on-year.

Meanwhile, the company posted 17.5 billion yuan in revenue, up 12.7% year-on-year.

At the end of the reporting period, it had 16.8 billion yuan in total assets and 12.7 billion yuan in total liabilities, with a liability-to-asset ratio of 75.6%.