Joeone Co.,Ltd. Posted 60.7 Million Yuan Net Loss in First Half of 2022

Joeone Co.,Ltd. (九牧王股份有限公司) (601566.SH) reported a net loss of 60.7 million yuan in the first half of 2022, reversing a net profit of 119.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 7.8% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 32%.