Ribo Fashion Group Co.,Ltd.’s Net Profit Dropped 48.2% in First Quarter of 2022

Ribo Fashion Group Co.,Ltd. (日播时尚集团股份有限公司) (603196.SH) reported a net profit of 8.1 million yuan in the first quarter of 2022, down 48.2% year-on-year.

Meanwhile, the company posted 242.2 million yuan in revenue, up 10% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 278.1 million yuan in total liabilities, with a liability-to-asset ratio of 24.3%.