Joeone Co.,Ltd. Posted 89 Million Yuan Net Profit in First Three Quarters of 2023

Joeone Co.,Ltd. (九牧王股份有限公司) (601566.SH) reported a net profit of 89 million yuan in the first three quarters of 2023, reversing a net loss of 128.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 9.6% 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 33.3%.