Shanghai Bailian Group Co.,Ltd.’s Net Profit Rose 21.1% in First Quarter of 2023

Shanghai Bailian Group Co.,Ltd. (上海百联集团股份有限公司) (600827.SH) reported a net profit of 334.3 million yuan in the first quarter of 2023, up 21.1% year-on-year.

Meanwhile, the company posted 9.5 billion yuan in revenue, down 7.8% year-on-year.

At the end of the reporting period, it had 57.1 billion yuan in total assets and 36.6 billion yuan in total liabilities, with a liability-to-asset ratio of 64.1%.