Hua Fengchao Fiber Foreign Trade Business And Simulation Leather New Product Revenue 466 Million

Hua Feng ultra fiber disclosed the semi annual report in 2014 on the evening of 14, during which the company's production and sales scale expanded further, and the proportion of new products such as foreign trade business and simulation leather increased. The total business income was 466 million yuan, an increase of 29.46% over the same period. The net profit attributable to shareholders of listed companies was 57 million 395 thousand and 500 yuan, up 38.06% over the same period last year.

Notice pointed out that in the first half of 2014, the downstream demand for microfiber industry revival, but the profitability of ordinary products is still low.

In an unfavorable market environment, the company laid the layout ahead of schedule, focusing on technology upgrading and new product development. Many new products began to expand, supporting the growth of the company's net profit.

The company said its new products, such as imitation leather, shoe inner lining and automobile upholstery leather, were rapidly released in the first half of 2014 to offset the continued downturn in the sports shoe leather market, supporting sales and profits growth.

In addition, the company's current fixed Island microfiber products are developing smoothly, and the market is expected to start in the second half of the year. The company's automotive interior products have also successfully entered the market.