Shanghai Golden Union Business Management Co.,Ltd.’s Net Profit Dropped 30.5% in First Quarter of 2023

Shanghai Golden Union Business Management Co.,Ltd. (上海锦和商业经营管理股份有限公司) (603682.SH) reported a net profit of 18.6 million yuan in the first quarter of 2023, down 30.5% year-on-year.

Meanwhile, the company posted 246.1 million yuan in revenue, down 5.8% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 78.8%.