Zhejiang Red Dragonfly Footwear Co.,Ltd.’s Net Profit Dropped 39.1% in First Quarter of 2022

Zhejiang Red Dragonfly Footwear Co.,Ltd. (浙江红蜻蜓鞋业股份有限公司) (603116.SH) reported a net profit of 12 million yuan in the first quarter of 2022, down 39.1% year-on-year.

Meanwhile, the company posted 540.2 million yuan in revenue, down 10.2% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 24.7%.