Qumei Home Furnishings Group Co.,Ltd.’s Net Profit Dropped 15.8% in First Quarter of 2022

Qumei Home Furnishings Group Co.,Ltd. (曲美家居集团股份有限公司) (603818.SH) reported a net profit of 58.5 million yuan in the first quarter of 2022, down 15.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 14.3% year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 5.7 billion yuan in total liabilities, with a liability-to-asset ratio of 73%.