Hunan Mendale Hometextile Co.,Ltd. Posted 10.6 Million Yuan Net Profit in First Quarter of 2023

Hunan Mendale Hometextile Co.,Ltd. (湖南梦洁家纺股份有限公司) (002397.SZ) reported a net profit of 10.6 million yuan in the first quarter of 2023, reversing a net loss of 8.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 462.4 million yuan in revenue, down 10.1% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 58.9%.