Zhejiang Yankon Group Co.,Ltd.’s Net Profit Dropped 98.9% in First Quarter of 2022

Zhejiang Yankon Group Co.,Ltd. (浙江阳光照明电器集团股份有限公司) (600261.SH) reported a net profit of 2 million yuan in the first quarter of 2022, down 98.9% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37%.