JOINN Laboratories Reports Significant Profit Decline

JOINN Laboratories (China) Co., Ltd. Class H (HK:6127) has released an update.

JOINN Laboratories reported a significant decline in its financial performance for the third quarter of 2024, with revenue dropping by 15.51% and net profit plunging by 58.04% compared to the same period last year. The company’s net profit, after excluding non-recurring items, fell by 63.74%, highlighting challenges in its operational efficiency. Despite these setbacks, JOINN Laboratories continues to maintain a solid asset base, although its total assets and owners’ equity have decreased slightly since the end of last year.

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