SHENZHEN, China, April 22, 2024-

On April 20, Chinese nonwovens manufacturer Anhui Jinchun Nonwoven Co. (Jinchun) posted its 2023 earnings results. Revenue was 900.47 million yuan ($124 million), surged by 11.5% compared with 2022. Net profit attributable to owners of the parent was 30.27 million yuan, jumped by 219.68% (2022: -25.3 million yuan). Net profit attributable to owners of the parent after deducing non-recurring profit and loss was 3.4 million yuan, up by 107.46% (2022: -45.62 million).

In 2023, revenue of its nonwovens business was 808.16 million yuan, achieved a year-on-year increase of 9.05%, which accounted for 90% of its total revenue. Gross profit margin was 6.96%. Revenue of its ES fiber business was 64.82 million yuan, skyrocketed by 194.21%. Revenue from the Chinese domestic market was 825.88 million yuan, grew by 11.43%. Revenue from the overseas market was 74.6 million yuan, increased by 12.34%.

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