Oppein Home Group Inc.’s Net Profit Dropped 41.1% in First Quarter of 2023

Oppein Home Group Inc. (欧派家居集团股份有限公司) (603833.SH) reported a net profit of 148.3 million yuan in the first quarter of 2023, down 41.1% year-on-year.

Meanwhile, the company posted 3.6 billion yuan in revenue, down 13.8% year-on-year.

At the end of the reporting period, it had 30 billion yuan in total assets and 13.4 billion yuan in total liabilities, with a liability-to-asset ratio of 44.7%.