Wuxi Commercial Mansion Grand Orient Co.,Ltd.’s Net Profit Dropped 60.9% in First Quarter of 2023

Wuxi Commercial Mansion Grand Orient Co.,Ltd. (无锡商业大厦大东方股份有限公司) (600327.SH) reported a net profit of 27.1 million yuan in the first quarter of 2023, down 60.9% year-on-year.

Meanwhile, the company posted 909.4 million yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 38.4%.