Shanghai Bailian Group Co.,Ltd. Posted 247.6 Million Yuan Net Profit in First Three Quarters 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 247.6 million yuan in the first three quarters of 2023, reversing a net loss of 258.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 23.6 billion yuan in revenue, down 6.2% year-on-year.

At the end of the reporting period, it had 57.4 billion yuan in total assets and 37 billion yuan in total liabilities, with a liability-to-asset ratio of 64.5%.