Shanghai Bailian Group Co.,Ltd. Posted 318.8 Million Yuan Net Profit in First Half of 2023

Shanghai Bailian Group Co.,Ltd. (上海百联集团股份有限公司) (600827.SH) reported a net profit of 318.8 million yuan in the first half of 2023, reversing a net loss of 90.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 16.3 billion yuan in revenue, down 4.5% year-on-year.

At the end of the reporting period, it had 57.2 billion yuan in total assets and 36.8 billion yuan in total liabilities, with a liability-to-asset ratio of 64.4%.