Zhejiang Xinao Textiles Inc. (603889.SH) released its 2024 interim report on August 20th, reporting revenue of 2.556 billion yuan, a year-on-year increase of 10.14%; net income attributable to shareholders of the listed company was 0.266 billion yuan, a year-on-year increase of 4.51%; net income attributable to shareholders of the listed company after deducting non-recurring gains and losses was 0.26 billion yuan, a year-on-year increase of 5.77%, with a basic earnings per share of 0.37 yuan. The gross margin of the main business increased by 0.51 percentage points year-on-year to 20.62%, and the return on net assets was 8.14%.
The company adheres to focusing on the main business of wool and cashmere spinning, practicing sustainable and broadband development strategy, and continuously strengthening technological innovation and product innovation with the spirit of staying true to the original and innovative drive. It has steadily promoted the layout of high-end production capacity, providing sustained driving force for the high-quality development of the enterprise and actively promoting the accelerated development of new quality productivity in traditional manufacturing industry.
