Hunan Friendship&Apollo Commercial Co.,Ltd.’s Net Profit Dropped 94.4% in 2022

Hunan Friendship&Apollo Commercial Co.,Ltd. (湖南友谊阿波罗商业股份有限公司) (002277.SZ) reported a net profit of 4.1 million yuan in 2022, down 94.4% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 29.9% year-on-year.

At the end of the reporting period, it had 14.8 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.6%.