Joyoung Company Limited’s Net Profit Dropped 21.5% in First Three Quarters of 2022

Joyoung Company Limited (九阳股份有限公司) (002242.SZ) reported a net profit of 498.1 million yuan in the first three quarters of 2022, down 21.5% year-on-year.

Meanwhile, the company posted 6.9 billion yuan in revenue, down 1.5% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 49.5%.