Nanjing Central Emporium Stocks Co.,Ltd. Posted 61 Million Yuan Net Loss in 2022

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 61 million yuan in 2022, reversing a net profit of 46.4 million yuan for the previous year.

Meanwhile, the company posted 2.5 billion yuan in revenue, down 13.3% 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 92.2%.