Grandjoy Holdings Group Co.,Ltd.’s Net Profit Dropped 22.6% in First Quarter of 2023

Grandjoy Holdings Group Co.,Ltd. (大悦城控股集团股份有限公司) (000031.SZ) reported a net profit of 612.4 million yuan in the first quarter of 2023, down 22.6% year-on-year.

Meanwhile, the company posted 6.1 billion yuan in revenue, down 25.6% year-on-year.

At the end of the reporting period, it had 206.1 billion yuan in total assets and 158.1 billion yuan in total liabilities, with a liability-to-asset ratio of 76.7%.