Shandong Ruyi Woolen Garment Group Co.,Ltd.’s Net Profit Dropped 85.3% in First Quarter of 2022

Shandong Ruyi Woolen Garment Group Co.,Ltd. (山东如意毛纺服装集团股份有限公司) (002193.SZ) reported a net profit of 785,275 yuan in the first quarter of 2022, down 85.3% year-on-year.

Meanwhile, the company posted 138.8 million yuan in revenue, up 1.9% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 41.1%.