SHENZHEN, China, April 24, 2024-

On April 23, Yanpai Filtration Technology Co. (Yanpai) of China released the earnings results for 2023. Revenue was 721.48 million yuan ($99.6 million), dropping by 4.31% year on year. Net profit attributable to owners of the parent was 65.62 million yuan, up by 3.03%. Net profit attributable to owners of the parent after deducing non-recurring profit and loss was 49.34 million yuan, down by 2.46%.

Revenue of its nonwoven-related business fell by 13.64%, to 356.19 million yuan, accounting for 49% of its total revenue. Gross profit margin was 26.74%. In terms of regions, revenue from the Chinese domestic market was 450.31 million yuan, down by 5.45%. Gross profit margin was 26.25%. Revenue from the overseas market was 271.16 million yuan, down by 2.35%. Gross profit margin was 39.3%.

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