SHANGHAI, April 30, 2025-

Chinese nonwovens manufacturer Xinlong Holding Co. (Xinlong) released its 2024 earnings results at the end of April. Revenue decreased by 11.53% year on year to 522.98 million yuan ($71.99 million). Net profit attributable to owners of the parent grew by 41.56% to -16.61 million yuan. Net profit attributable to owners of the parent after deducing non-recurring profit and loss increased by 50.53% to -21.61 million yuan.

Net profits of the company have been below zero for 3 continuous years. The audit report for the recent year indicates that the sustainable operation capability of the company is still uncertain.

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