Shanghai Challenge Textile Company Limited Posted 2.7 Million Yuan Net Profit in First Quarter of 2022

Shanghai Challenge Textile Company Limited (上海嘉麟杰纺织品股份有限公司) (002486.SZ) reported a net profit of 2.7 million yuan in the first quarter of 2022, reversing a net loss of 3 million yuan for the same period in the previous year.

Meanwhile, the company posted 295.4 million yuan in revenue, up 39.9% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 261 million yuan in total liabilities, with a liability-to-asset ratio of 21.3%.