Henan Xinye Textile Co.,Ltd.’s Net Profit Dropped 69.2% in First Quarter of 2022

Henan Xinye Textile Co.,Ltd. (河南新野纺织股份有限公司) (002087.SZ) reported a net profit of 10.4 million yuan in the first quarter of 2022, down 69.2% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 26.6% year-on-year.

At the end of the reporting period, it had 10.3 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 58.3%.