Guangdong Piano Customized Furniture Co.,Ltd.’s Net Profit Dropped 49.8% in First Quarter of 2022

Guangdong Piano Customized Furniture Co.,Ltd. (广东皮阿诺科学艺术家居股份有限公司) (002853.SZ) reported a net profit of 18.4 million yuan in the first quarter of 2022, down 49.8% year-on-year.

Meanwhile, the company posted 236 million yuan in revenue, down 31.8% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.