Guangzhou Grandbuy Co.,Ltd. Posted 29.6 Million Yuan Net Profit in First Half of 2023

Guangzhou Grandbuy Co.,Ltd. (广州市广百股份有限公司) (002187.SZ) reported a net profit of 29.6 million yuan in the first half of 2023, reversing a net loss of 22.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 14.8% year-on-year.

At the end of the reporting period, it had 9.3 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56.6%.