Joeone Co.,Ltd. Posted 99.3 Million Yuan Net Profit in First Quarter of 2023

Joeone Co.,Ltd. (九牧王股份有限公司) (601566.SH) reported a net profit of 99.3 million yuan in the first quarter of 2023, reversing a net loss of 56.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 772.3 million yuan in revenue, up 0.8% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 33.5%.