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Huafang Textile Material Net Profit Was 120 Million &Nbsp In 2010.
Huafang textile (600273)
On Friday night, the company announced its earnings announcement in 2010.
Net profit
by
120 million
Around 2009, the company lost 39 million 549 thousand and 500 yuan.
The company said that the company's substantial growth in 2010 results from a substantial increase in its main business performance, especially since the second half of 2010. With the shortage of main raw materials and cotton supply, the bargaining power of the company's cotton yarn products has increased, thereby expanding the profit margins of the company's cotton yarn products.
In addition, the company carries out the futures trading of cotton varieties appropriately, creating the value for the company effectively.
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