Joyoung Company Limited’s Net Profit Dropped 24.9% in First Quarter of 2023

Joyoung Company Limited (九阳股份有限公司) (002242.SZ) reported a net profit of 122.1 million yuan in the first quarter of 2023, down 24.9% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 18.7% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 52.7%.