Guangzhou Ruoyuchen Technology Co.,Ltd.’s Net Profit Dropped 81.3% in First Quarter of 2022

Guangzhou Ruoyuchen Technology Co.,Ltd. (广州若羽臣科技股份有限公司) (003010.SZ) reported a net profit of 3.5 million yuan in the first quarter of 2022, down 81.3% year-on-year.

Meanwhile, the company posted 284.4 million yuan in revenue, up 5.6% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 151.9 million yuan in total liabilities, with a liability-to-asset ratio of 12.4%.