Shanghai Challenge Textile Company Limited’s Net Profit Rose 22.1% in First Half 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 27.8 million yuan in the first half of 2023, up 22.1% year-on-year.

Meanwhile, the company posted 516.1 million yuan in revenue, down 19.1% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 220.3 million yuan in total liabilities, with a liability-to-asset ratio of 17.5%.