Maoye Commercial Co.,Ltd.’s Net Profit Rose 171.4% in First Quarter of 2023

Maoye Commercial Co.,Ltd. (茂业商业股份有限公司) (600828.SH) reported a net profit of 105.1 million yuan in the first quarter of 2023, up 171.4% year-on-year.

Meanwhile, the company posted 942.3 million yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 20.2 billion yuan in total assets and 12.3 billion yuan in total liabilities, with a liability-to-asset ratio of 61.2%.