Hangzhou Nbond Nonwovens Co.,Ltd.’s Net Profit Dropped 81.6% in First Quarter of 2022

Hangzhou Nbond Nonwovens Co.,Ltd. (杭州诺邦无纺股份有限公司) (603238.SH) reported a net profit of 11.7 million yuan in the first quarter of 2022, down 81.6% year-on-year.

Meanwhile, the company posted 335 million yuan in revenue, down 27.6% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 777.3 million yuan in total liabilities, with a liability-to-asset ratio of 34.4%.