Joyoung Company Limited’s Net Profit Dropped 26.8% in First Three Quarters of 2023

Joyoung Company Limited (九阳股份有限公司) (002242.SZ) reported a net profit of 364.7 million yuan in the first three quarters of 2023, down 26.8% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, down 2.1% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 51.3%.