Hunan Mendale Hometextile Co.,Ltd. Posted 20.9 Million Yuan Net Profit in First Half 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 20.9 million yuan in the first half of 2023, reversing a net loss of 42 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 57.4%.