Grandjoy Holdings Group Co.,Ltd.’s Net Profit Dropped 48.9% in First Half of 2023

Grandjoy Holdings Group Co.,Ltd. (大悦城控股集团股份有限公司) (000031.SZ) reported a net profit of 540.5 million yuan in the first half of 2023, down 48.9% year-on-year.

Meanwhile, the company posted 14.3 billion yuan in revenue, down 4.6% year-on-year.

At the end of the reporting period, it had 206 billion yuan in total assets and 158.6 billion yuan in total liabilities, with a liability-to-asset ratio of 77%.