Youngor Group Co.,Ltd.’s Net Profit Dropped 56.3% in First Quarter of 2023

Youngor Group Co.,Ltd. (雅戈尔集团股份有限公司) (600177.SH) reported a net profit of 927.2 million yuan in the first quarter of 2023, down 56.3% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, down 56% year-on-year.

At the end of the reporting period, it had 79.9 billion yuan in total assets and 40.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.2%.