Guangdong Qunxing Toys Joint-Stock Co.,Ltd.’s Net Profit Dropped 55.2% in First Quarter of 2022

Guangdong Qunxing Toys Joint-Stock Co.,Ltd. (广东群兴玩具股份有限公司) (002575.SZ) reported a net profit of 1.7 million yuan in the first quarter of 2022, down 55.2% year-on-year.

Meanwhile, the company posted 6.1 million yuan in revenue, down 25% year-on-year.

At the end of the reporting period, it had 837.6 million yuan in total assets and 51 million yuan in total liabilities, with a liability-to-asset ratio of 6.1%.