Joyoung Company Limited’s Net Profit Dropped 7.2% in First Quarter of 2022

Joyoung Company Limited (九阳股份有限公司) (002242.SZ) reported a net profit of 162.7 million yuan in the first quarter of 2022, down 7.2% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 3.8% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 47.8%.