Shanghai Challenge Textile Company Limited’s Net Profit Rose 4390.5% in First Three Quarters 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 69.4 million yuan in the first three quarters of 2022, up 4390.5% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 29.2% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 320.6 million yuan in total liabilities, with a liability-to-asset ratio of 23.8%.