Qumei Home Furnishings Group Co.,Ltd.’s Net Profit Dropped 80.5% in 2022

Qumei Home Furnishings Group Co.,Ltd. (曲美家居集团股份有限公司) (603818.SH) reported a net profit of 37.5 million yuan in 2022, down 80.5% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 4.4% year-on-year.

At the end of the reporting period, it had 7.6 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 69.2%.