Shanghai Challenge Textile Company Limited Posted 22.8 Million Yuan Net Profit in First Half 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 22.8 million yuan in the first half of 2022, reversing a net loss of 7.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 638 million yuan in revenue, up 42.9% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 250.8 million yuan in total liabilities, with a liability-to-asset ratio of 20.3%.