Taihua New Material Net Profit 145 Million In The First Half Of 2019

Taihua new material (603055) has issued a semi annual report in 2019, announcements that the revenue of 1 billion 290 million yuan during the reporting period fell by 12.66% compared with the same period last year. The net profit attributable to shareholders of listed companies was 145 million yuan, down 38.2% from the same period last year; the basic earnings per share were 0.19 yuan, and the same period last year was 0.31 yuan.

It is understood that in the first half of 2019, affected by the weak global economic growth, the escalation of Sino US trade frictions, the adjustment of domestic economic structure, the contradiction between supply and demand, the consumer confidence index dropped, the overall textile consumption environment was sluggish, and the overall downturn of textile and apparel industry continued in the fourth quarter of 2018, resulting in a decline in the company's income level compared with the same period last year. During the reporting period, the company achieved operating income of 1 billion 290 million 95 thousand and 400 yuan, down 12.66% compared with the same period last year, and the net profit attributable to shareholders of the parent company was 144 million 750 thousand and 500 yuan, down 38.20% from the same period last year.

According to the data, Taihua new material is mainly engaged in R & D, production and sales of nylon filament, nylon fabric and nylon finished fabric.