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Global M&A by the Numbers Q4 2023

Jiangsu Lianfa Textile Q1 profit climbs 27.2% YOY

4913737 said its normalized net income for the first quarter was 17 fen per share, a gain of 29.9% from 13 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 54.5 million yuan, a gain of 27.2% from 42.9 million yuan in the year-earlier period.

The normalized profit margin climbed to 6.3% from 5.4% in the year-earlier period.

Total revenue increased 10.9% year over year to 873.5 million yuan from 787.8 million yuan, and total operating expenses rose 10.7% year over year to 792.0 million yuan from 715.7 million yuan.

eported net income rose 25.9% on an annual ba Jiangsu Lianfa Textile Co.Ltd