Nanjing Textiles Import&Export Corp.,Ltd. Posted 51.3 Million Yuan Net Profit in First Half of 2023

Nanjing Textiles Import&Export Corp.,Ltd. (南京纺织品进出口股份有限公司) (600250.SH) reported a net profit of 51.3 million yuan in the first half of 2023, reversing a net loss of 91.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 389.7 million yuan in revenue, down 10.7% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 943.4 million yuan in total liabilities, with a liability-to-asset ratio of 54.8%.