On the evening of April 24, Double Elephant released its first quarterly report for 2023. During the reporting period, it achieved revenue of 288,465,430.26 yuan, a year-on-year decrease of 9.50%, and the net profit attributable to shareholders of listed companies was 6,592,846.24 yuan, a year-on-year increase of 210.78 %. The announcement shows that the net profit of the current period increased by 12,544,103.56 yuan over the same period of the previous year, mainly due to the profit contribution of Chongqing Shuangxiang Microfiber, a wholly-owned subsidiary of the current period.
According to the data, as an enterprise with the production capacity of ultra-fine fiber ultra-real leather and polyurethane synthetic leather, Shuangxiang is the only company in the industry that has undertaken and completed the "National 863 "Plan Project" - an enterprise that researches key technologies of ultra-fine fiber ultra-real leather, and has successively undertaken a number of national and provincial major scientific research projects such as the National Excellent Torch Program Project and the Jiangsu Provincial Major Scientific and Technological Achievement Transformation Project. The company has won dozens of national invention patents, and undertook and participated in 30 The drafting and revision of national standards and industry standards is one of the few enterprises in China that first obtained the certification of "China Ecological Synthetic Leather" and "China Ecological Superfine Fiber Synthetic Leather". Fine fiber synthetic leather innovation research and development base" title.
The previous 2022 annual report showed that Shuangxiang Co., Ltd. achieved a total operating income of 1,392,960,194.35 yuan, a year-on-year increase compared with the same period last year. The net profit attributable to shareholders of listed companies was 45,453,001.71 yuan, a decrease of 190.03% over the same period last year.
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