Grandjoy Holdings Group Co.,Ltd. Posted 74.9 Million Yuan Net Loss in First Three Quarters 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 loss of 74.9 million yuan in the first three quarters of 2023, reversing a net profit of 1.1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 20.7 billion yuan in revenue, down 16.7% year-on-year.

At the end of the reporting period, it had 208.2 billion yuan in total assets and 160.5 billion yuan in total liabilities, with a liability-to-asset ratio of 77.1%.