Nanjing Xinjiekou Department Store Co.,Ltd.’s Net Profit Dropped 10% in First Quarter of 2023

Nanjing Xinjiekou Department Store Co.,Ltd. (南京新街口百货商店股份有限公司) (600682.SH) reported a net profit of 226.5 million yuan in the first quarter of 2023, down 10% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, up 4.6% year-on-year.

At the end of the reporting period, it had 25.4 billion yuan in total assets and 7.2 billion yuan in total liabilities, with a liability-to-asset ratio of 28.1%.