SHENZHEN, China, April 26, 2024-

Chinese nonwovens manufacturer Xiamen Yanjan New Material Co. (Yanjan) released its 2023 earnings report on April 24. Revenue was 1.26 billion yuan ($174 million), achieved a year-on-year increase of 2.29%. Net profit attributable to the owners of the parent was 20.87 million yuan, falling by 28.95%. Net profit attributable to the owners of the parent after deducing non-recurring profit and loss jumped by 94.03% to 10.72 million yuan.

In 2023, major business of Yanjan maintained stable development. Revenue of its perforated nonwoven was 396.41 million yuan, increasing by 14.86%. Revenue of the airthrough-bond nonwoven business was 366.25 million yuan, growing by 14.39%. Revenue of its polyethylene perforated film and composite film business was 368.17 million yuan, dropping by 19.62%.

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