Nanjing Central Emporium Stocks Co.,Ltd. Posted 30.6 Million Yuan Net Loss in First Quarter of 2023

Nanjing Central Emporium Stocks Co.,Ltd. (南京中央商场(集团)股份有限公司) (600280.SH) reported a net loss of 30.6 million yuan in the first quarter of 2023, reversing a net profit of 7.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 637.8 million yuan in revenue, down 7% year-on-year.

At the end of the reporting period, it had 12.2 billion yuan in total assets and 11.3 billion yuan in total liabilities, with a liability-to-asset ratio of 92.5%.