Shanghai Challenge Textile Company Limited’s Net Profit Rose 355.2% in 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 93.2 million yuan in 2022, up 355.2% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 18.2% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 255.1 million yuan in total liabilities, with a liability-to-asset ratio of 19.7%.