Shanghai Challenge Textile Company Limited’s Net Profit Dropped 23.4% in First Three Quarters 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 53.2 million yuan in the first three quarters of 2023, down 23.4% year-on-year.

Meanwhile, the company posted 756.1 million yuan in revenue, down 26.9% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 209.1 million yuan in total liabilities, with a liability-to-asset ratio of 16.4%.