Joeone Co.,Ltd. Posted 56.5 Million Yuan Net Loss in First Quarter of 2022

Joeone Co.,Ltd. (九牧王股份有限公司) (601566.SH) reported a net loss of 56.5 million yuan in the first quarter of 2022, reversing a net profit of 100.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 765.8 million yuan in revenue, down 5.6% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 32.3%.