Guangzhou Grandbuy Co.,Ltd. Posted 30.4 Million Yuan Net Profit in First Three Quarters of 2023

Guangzhou Grandbuy Co.,Ltd. (广州市广百股份有限公司) (002187.SZ) reported a net profit of 30.4 million yuan in the first three quarters of 2023, reversing a net loss of 67.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 4.3 billion yuan in revenue, up 15.2% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 55.7%.