Zhejiang Xinao Textiles Inc.

Shanghai Stock Exchange 603889.SS

Zhejiang Xinao Textiles Inc. Return on Equity (ROE) for the year ending December 31, 2023: 12.75%

Zhejiang Xinao Textiles Inc. Return on Equity (ROE) is 12.75% for the year ending December 31, 2023, a -3.27% change year over year. Return on equity measures profit against shareholder equity; higher ROE indicates superior profitability and value creation.

Zhejiang Xinao Textiles Inc. Return on Equity (ROE) for the year ending December 31, 2022 was 13.18%, a 20.10% change year over year.
Zhejiang Xinao Textiles Inc. Return on Equity (ROE) for the year ending December 31, 2021 was 10.98%, a 83.28% change year over year.
Zhejiang Xinao Textiles Inc. Return on Equity (ROE) for the year ending December 31, 2020 was 5.99%, a -0.92% change year over year.
Zhejiang Xinao Textiles Inc. Return on Equity (ROE) for the year ending December 31, 2019 was 6.04%, a -28.93% change year over year.

Key data

Date	Return on Equity (ROE)	Return on Capital Employed (ROCE)	Interest Coverage Ratio	Debt to Equity Ratio

Shanghai Stock Exchange: 603889.SS

Zhejiang Xinao Textiles Inc.

CEO	Mr. Xinzhong Hua
IPO Date	Dec. 31, 2014
Location	China
Headquarters	No. 48, Zhenzhi Street
Employees	3,979
Sector	Consumer Discretionary
Industries Apparel & Fashion Paper & Forest Products Retail & Wholesale

Description

Zhejiang Xinao Textiles Inc. researches and develops, produces, and sells wool spinning yarn and intermediate products of wool tops in China. Its products are primarily used in the downstream apparel brands. The company was formerly known as Zhejiang Xinao textiles Group Company LTD. and changed its name to Zhejiang Xinao Textiles Inc. in December 2007. Zhejiang Xinao Textiles Inc. was founded in 1991 and is based in Tongxiang, China.

Key trends

Past 5 years