Guangzhou Shangpin Home Collection Co.,Ltd. Posted 95.5 Million Yuan Net Loss in First Quarter of 2023

Guangzhou Shangpin Home Collection Co.,Ltd. (广州尚品宅配家居股份有限公司) (300616.SZ) reported a net loss of 95.5 million yuan in the first quarter of 2023, narrowing 5.1% year-on-year.

Meanwhile, the company posted 808.7 million yuan in revenue, down 25.5% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56.1%.