Hunan Mendale Hometextile Co.,Ltd. Posted 8.1 Million Yuan Net Loss in First Quarter of 2022

Hunan Mendale Hometextile Co.,Ltd. (湖南梦洁家纺股份有限公司) (002397.SZ) reported a net loss of 8.1 million yuan in the first quarter of 2022, reversing a net profit of 34.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 514.2 million yuan in revenue, up 2.2% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 54.3%.