Shanghai Challenge Textile Company Limited’s Net Profit Rose 110.5% in First Quarter of 2023

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 5.6 million yuan in the first quarter of 2023, up 110.5% year-on-year.

Meanwhile, the company posted 233.3 million yuan in revenue, down 21% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 238.9 million yuan in total liabilities, with a liability-to-asset ratio of 18.9%.