Guangzhou Shangpin Home Collection Co.,Ltd. Posted 62.9 Million Yuan Net Loss in First Half of 2023

Guangzhou Shangpin Home Collection Co.,Ltd. (广州尚品宅配家居股份有限公司) (300616.SZ) reported a net loss of 62.9 million yuan in the first half of 2023, narrowing 37.8% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 10.2% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.5%.