Guangzhou Grandbuy Co.,Ltd.’s Net Profit Rose 12.4% in First Quarter of 2023

Guangzhou Grandbuy Co.,Ltd. (广州市广百股份有限公司) (002187.SZ) reported a net profit of 32.6 million yuan in the first quarter of 2023, up 12.4% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 3.5% year-on-year.

At the end of the reporting period, it had 9.3 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56.6%.