Beijing Hualian Department Store Co.,Ltd.’s Net Profit Rose 89.8% in First Quarter of 2023

Beijing Hualian Department Store Co.,Ltd. (北京华联商厦股份有限公司) (000882.SZ) reported a net profit of 11.3 million yuan in the first quarter of 2023, up 89.8% year-on-year.

Meanwhile, the company posted 311.5 million yuan in revenue, down 15.5% year-on-year.

At the end of the reporting period, it had 12.3 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 43.4%.