Shanghai Metersbonwe Fashion&Accessories Co.,Ltd. Posted 10.3 Million Yuan Net Profit in First Half of 2023

Shanghai Metersbonwe Fashion&Accessories Co.,Ltd. (上海美特斯邦威服饰股份有限公司) (002269.SZ) reported a net profit of 10.3 million yuan in the first half of 2023, reversing a net loss of 689.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 558.4 million yuan in revenue, down 22.8% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 91.7%.