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Aoxin Q&M reverses into net profit of RMB2.8 mil for 1QFY2022

Felicia Tan
Felicia Tan5/11/2022 11:43 PM GMT+08  • 2 min read
Aoxin Q&M reverses into net profit of RMB2.8 mil for 1QFY2022
Aoxin Q&M is a leading provider of private dental services in the Liaoning Province in China.
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Catalist-listed Aoxin Q&M has reported net profit of RMB2.8 million ($579,447) for the 1QFY2022 ended March. This is a turnaround from its net loss of RMB4.7 million in the same period the year before.

Aoxin Q&M is a leading provider of private dental services in the Liaoning Province in China.

Revenue fell 1.5% y-o-y to RMB34.3 million mainly due to lower revenue contribution from the distribution of dental equipment and supplies segment. The lower contribution was due to the closure of operations on the back of the resurgence of Covid-19 cases in China.

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