Jiangsu Aoyang Health Industry Co.,Ltd.’s Net Profit Dropped 9.8% in First Quarter of 2022

Jiangsu Aoyang Health Industry Co.,Ltd. (江苏澳洋健康产业股份有限公司) (002172.SZ) reported a net profit of 32.8 million yuan in the first quarter of 2022, down 9.8% year-on-year.

Meanwhile, the company posted 643.6 million yuan in revenue, down 34% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 97.1%.