Joyoung Company Limited’s Net Profit Dropped 26.9% in First Half of 2023

Joyoung Company Limited (九阳股份有限公司) (002242.SZ) reported a net profit of 247.9 million yuan in the first half of 2023, down 26.9% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 51.4%.