Hunan Mendale Hometextile Co.,Ltd. Posted 42 Million Yuan Net Loss in First Half 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 42 million yuan in the first half of 2022, reversing a net profit of 48.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 6.1% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 55.9%.