Guangdong Homa Group Co.,Ltd. Posted 69.2 Million Yuan Net Profit in First Quarter of 2022

Guangdong Homa Group Co.,Ltd. (广东奥马电器股份有限公司) (002668.SZ) reported a net profit of 69.2 million yuan in the first quarter of 2022, reversing a net loss of 64.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 2 billion yuan in revenue, down 10.9% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 78%.