SHENZHEN, China, April 24, 2024-

On April 24, Chinese spunlace nonwoven and wipes manufacturer Nbond Nonwovens Co. released its 2023 earnings results. Revenue was 1.91 billion yuan ($263.6 million), achieved a year-on-year increase of 20.48%. Net profit attributable to the owners of the parent jumped by 119.07% to 82.64 million yuan. Net profit attributable to owners of the parent after deducing non-recurring profit and loss skyrocketed by 188.3% to 71.07 million yuan.

According to Nbond, in 2023, revenue of its spunlace nonwoven products was 1.18 billion yuan. Gross profit margin was 13.39%. Revenue of its spunlace nonwoven was 717.92 million yuan. Gross profit margin was 20.41%. Revenue from the Chinese domestic market was 899.69 million yuan. Gross profit margin was 16.24%. Revenue from the overseas market was 1.02 billion yuan. Gross profit margin was 16.08%. According to Nbond, the 2023 R&D expenses were 81.53 million yuan, up by 30% compared with 2022.

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