Xinlong Q3 2024 results: revenue down 3.96%, profit down 23.86%
SHENZHEN, China, October 29, 2024-
Chinese nonwovens manufacturer Xinlong released its earnings results for the first three quarters of 2024. Revenue dropped by 3.96% year on year to 393.34 million yuan ($55.11 million). Net profit attributable to owners of the parent plummeted by 23.86% to -13.87 million yuan. Net profit attributable to owners of the parent after deducing non-recurring profit and loss grew by 28.45% to -19.07 million yuan.
According to the company, it has been the first spunlace nonwoven manufacturer in China. Its subsidiaries Hainan Xinlong Nonwoven and Yichang Xinlong Hygiene Materials manufacture spunlace nonwoven. Its subsidiary Hunan Xinlong Nonwoven manufactures SMS spunmelt nonwoven and SSS spunbond nonwoven.
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