Jiangsu Lianfa Textile Co., Ltd. 2025 Financial Report
Rongcheng Certified Public Accountants (Special General Partnership) audited the company's 2025 financial statements and issued an audit report with the document number Rongcheng Shen Zi [2026] 100Z0212.
The 2025 financial report is as follows:
(I) Analysis of Operating Revenue and Profit
The company achieved operating revenue of 4.019 billion yuan in the current year, a decrease of 3.83% year-on-year. Operating profit was 368 million yuan, an increase of 60.23% year-on-year. Net profit was 305 million yuan, an increase of 48.59% year-on-year.
(II) Analysis of Costs and Expenses
- The fair value change in gains and losses for the current period changed by 218.82% compared to the previous period, mainly due to the fluctuation in the fair value of the fund products in the current period.
- The provision for bad debts in the current period changed by 132.61% compared to the previous period, mainly due to the increase in the provision for bad debts in the current period.
- The gains on disposal of assets in the current period changed by 250.42% compared to the previous period, mainly due to the gains on disposal of fixed assets in the current period.
- The amount of non-operating income in the current period decreased by 23.38% compared to the previous period, mainly due to the smaller amount of government subsidies unrelated to daily activities obtained in the current period compared to the previous period.
- The amount of income tax expense in the current period changed by 127.69% compared to the same period last year. The reason is that the accelerated depreciation of newly added fixed assets by the subsidiary Jiangsu Renzheng in the current period and the increase in fair value gains of funds by the subsidiary Chongshan Investment in the current period have correspondingly increased the income tax expense.