Easyhome New Retail Group Co.,Ltd.’s Net Profit Dropped 17.1% in First Quarter of 2022

Easyhome New Retail Group Co.,Ltd. (居然之家新零售集团股份有限公司) (000785.SZ) reported a net profit of 524.1 million yuan in the first quarter of 2022, down 17.1% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, down 7.3% year-on-year.

At the end of the reporting period, it had 56.3 billion yuan in total assets and 35.5 billion yuan in total liabilities, with a liability-to-asset ratio of 63.1%.