Nanjing Central Emporium Stocks Co.,Ltd.’s Net Profit Dropped 38.8% in First Three Quarters of 2023

Nanjing Central Emporium Stocks Co.,Ltd. (南京中央商场(集团)股份有限公司) (600280.SH) reported a net profit of 6 million yuan in the first three quarters of 2023, down 38.8% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 12 billion yuan in total assets and 11.1 billion yuan in total liabilities, with a liability-to-asset ratio of 92%.