SHENZHEN, China, May 7, 2024-

Chinese pet hygiene products manufacturer Yiyi recently released its earnings results for the first quarter of 2024. Revenue achieved a year-on-year increase of 35.18% to 383.6 million yuan ($53.14 million). Net profit attributable to the owners of the parent was 42.27 million yuan (1Q 2023: -2.25 million yuan). Net profit attributable to the owners of the parent after deducing non-recurring profit and loss was 35.59 million yuan (1Q 2023: -4.64 million yuan).

Located in Tianjin, Yiyi went public on A-share market of the Shenzhen Stock Exchange in May 2021 for capacity expansion. According to its 2023 report, the company decided to end implementation of construction plan of a hygiene materials project announced after its IPO, and announced to invest 254 million yuan into nonwoven facility construction and capacity expansion.

Nonwovens Markets subscribers - click here to read the full article.

Not a subscriber?

Try Nonwovens Markets free!