Henan Xinye Textile Co.,Ltd.’s Net Profit Dropped 70.7% in First Quarter of 2023

Henan Xinye Textile Co.,Ltd. (河南新野纺织股份有限公司) (002087.SZ) reported a net profit of 3 million yuan in the first quarter of 2023, down 70.7% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 89.2%.