Xinxiang Chemical Fiber: Net Profit Jumped 2679.59% In The First Half

< p > August 8th night, < a href= "http://sjfzxm.com/news/index_cj.as" > Xinxiang < /a > chemical fiber announced the 2014 semi annual report, which fulfilled the expected increase in the first half of the year.

The announcement said that in the first half of this year, the operating income was 1 billion 458 million 50 thousand yuan, and net profit was 42 million 179 thousand and 400 yuan (1 million 520 thousand yuan in the same period last year), an increase of 2679.59% over the same period last year.

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< p > in the first half of this year, the main raw material prices of viscose staple fiber and viscose filament made by Xinxiang chemical fiber were lower than that of the same period last year, and the market of spandex fiber has picked up.

The prices of main raw materials, such as dry pulp, sulphuric acid and liquid caustic soda, dropped by a relatively large margin.

Spandex fiber production and sales increased over the same period last year, spandex fiber price has also increased a certain extent, the cost has been reduced, operating income and gross profit have increased.

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< p > > a href= "http://sjfzxm.com/news/index_cj.as" > Company < /a > indicates that according to the market demand of viscose filament and spandex fiber, the company has actively adjusted its product structure, increased the production of fine denier yarn, and reduced the production of viscose staple fiber, although the output has declined, but the company's profit level has significantly improved.

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< p > in June this year, executives of the company increased their holdings.

Mr. Shao Changjin, Song Deshun, Wang Wenxin and Xiao Shubin of the company, Mr. Zhou Jianhua, the company's supervisor, and Mr. Han Shufa, Zhu Xuexin and chief engineer of the deputy general manager, and the spouses of Mr. and Mrs. director of the board of directors, Mr. Yang, are holding shares from the two tier market. The total stock is 767 thousand shares.

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< p > < a href= > http://sjfzxm.com/news/index_cj.as > < < /a > > the first phase of the annual production of 100000 tons of new cellulose project of Xinjiang egret fibre Co., Ltd., a wholly owned subsidiary of Xinxiang Chemical Fiber Co., Ltd., has been put into production. The first phase of the project's annual output of 2 x 20 thousand tons super soft spandex fiber project is progressing smoothly.

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< p > the company said that we should increase the promotion of new products, increase cooperation with downstream weaving enterprises, further expand the scale of production and sales of functional and differential fibers such as colored silk, aloe fiber, pearl fiber, negative ion fiber and antibacterial fiber, and strive for the application and commercial promotion of innovative products in terminal products, so as to form a complete new value chain at an early date.

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