Shenzhen Textile A (000045): Net Profit 10 Million 380 Thousand In The First Quarter, An Increase Of 85% Over The Same Period

In May 4th, Shenzhen textile A (000045) released its first quarter report in 2019, announcements that revenue was 592839958.12 yuan during the reporting period, an increase of 167.88% over the same period, and the net profit attributable to shareholders of listed companies was 10381938.06 yuan, up 84.84% over the same period.

As at the end of the reporting period, the net assets of Shenzhen textile A attributable to shareholders of listed companies were 2532932438.75 yuan, up 6.72% from the end of last year, and net cash flow from operating activities was 23567172.13 yuan, up 166.83% from the end of last year.

The net cash flow generated by business activities during the reporting period increased by 58 million 830 thousand and 700 yuan over the same period last year, an increase of 166.83%, mainly due to the increase in the recovery of the goods over last year.

Statistics show that the main business of Shenzhen textile A is the high-tech industry represented by polarizer with liquid crystal display, the management and operation of its own property and the retained high-end textile and garment business.