Wangfujing Group Co.,Ltd.’s Net Profit Dropped 37.8% in First Quarter of 2023

Wangfujing Group Co.,Ltd. (王府井集团股份有限公司) (600859.SH) reported a net profit of 232.6 million yuan in the first quarter of 2023, down 37.8% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 1.6% year-on-year.

At the end of the reporting period, it had 38.8 billion yuan in total assets and 18.6 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.