Xinye Textile: Subsidiary Is Subsidized By The Government

The company and

All members ensure that the contents of the announcement are true, accurate and complete, and there are no false records, misleading statements or major omissions.

According to the notice on speeding up the development of the textile industry in the autonomous region (New [2010]99) and the Ministry of Finance on the issuance of administrative measures for the subsidy for the pportation of cotton yarn and cotton cloth (financial construction [2011]1160), the central government subsidized the Xinjiang cotton textile enterprise for the cost of the pportation of Xinjiang cotton yarn to 500 yuan per ton; the autonomous region finance subsidies for pportation costs of 200 yuan per ton for 32 cotton (above 32 cotton) textile enterprises, and 32 yuan less cotton per ton for 100 yuan pportation cost subsidy.

Akesu Xinfa cotton Co., Ltd., a wholly owned subsidiary of our company, accords with the subsidy standards of the above two documents and enjoys preferential policies for subsidized pportation of Xinjiang cotton yarn.

Recently, Akesu Xinfa Cotton Industry Co., Ltd. received 901584 yuan from the state treasury payment center of Awati County Finance Bureau in 2013.

In accordance with the relevant provisions of the enterprise accounting standards, the government subsidy will be recognized as extra business income, increasing the company's fourth quarter earnings in 2014.

The specific accounting treatment shall be based on the results of the annual auditor's confirmation.

hereby

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Henan Xinye textile Limited by Share Ltd

Board of directors

October 23, 2014

Shandong Ruyi: 1-9 month net profit increase of more than 4 times gross profit increase

Shandong Ruyi (002193) released its quarterly report on Wednesday night. The company achieved a net profit of 13 million 365 thousand and 400 yuan in 1-9 months, an increase of 454.95% over the same period last year.

Earnings per share were 0.08 yuan.

During the period, the company achieved operating income of 406 million yuan, down 3.84% from the same period last year.

Shandong Ruyi expresses that the company adheres to the development concept of "high-end positioning and quality strategy", adjusts the product structure, increases the development of high-end market and brand customers, and improves gross margin, so that the company's performance will grow steadily.

The company expects net profit of 17 million 1 thousand and 700 yuan to 17 million 959 thousand and 500 yuan in 2014, an increase of 610% to 650% over the same period last year.

Changshan shares (000158) disclosed the three quarter report on Wednesday night. The company made a loss of 61 million 873 thousand and 400 yuan in the first three quarters of this year, and the deficit increased by 30% compared to the same period last year. The company suffered a loss of 47 million 417 thousand and 700 yuan in the same period last year.

In 1-9 months, the company achieved operating income of 4 billion 86 million yuan, down 5.62% from the same period last year.

The report shows that, due to the downturn in the textile market, international and domestic demand, cotton prices fluctuating, and the relocation of some old factories in the urban areas, and the relocation of personnel, the company's revenues decreased, cost increased and profit levels declined.