Vohringer Home Technology Co.,Ltd. Posted 7.6 Million Yuan Net Loss in First Quarter of 2022

Vohringer Home Technology Co.,Ltd. (菲林格尔家居科技股份有限公司) (603226.SH) reported a net loss of 7.6 million yuan in the first quarter of 2022, reversing a net profit of 6.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 89.1 million yuan in revenue, down 28% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 321.3 million yuan in total liabilities, with a liability-to-asset ratio of 23.1%.