Guangzhou Shangpin Home Collection Co.,Ltd.’s Net Profit Dropped 48.6% in 2022

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 profit of 46 million yuan in 2022, down 48.6% year-on-year.

Meanwhile, the company posted 5.3 billion yuan in revenue, down 27.3% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.2%.