Guangzhou Shangpin Home Collection Co.,Ltd. Posted 4.2 Million Yuan Net Profit in First Three Quarters 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 profit of 4.2 million yuan in the first three quarters of 2023, reversing a net loss of 30.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 6.6% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.6%.