Xinye Textile In The First Half Of 2019 Net Profit 153 Million, Actively Carry Out Technological Innovation And Product Development

On the 28 day, Xinye textile (002087) issued a semi annual report in 2019, announcements that revenue was 2 billion 866 million yuan during the reporting period, down 10.75% compared with the same period last year. Net profit attributable to shareholders of listed companies was 153 million yuan, down 15.09% from the same period last year; basic earnings per share were 0.1868 yuan, and 0.22 yuan a year earlier.

It is understood that the company's operating income during the reporting period was 2 billion 866 million 76 thousand and 400 yuan, a decrease of 10.75% over the same period last year. Net profit attributable to the parent company was 152 million 607 thousand and 700 yuan, a decrease of 15.09% over the same period last year. During the reporting period, the company took full advantage of the industrial chain, integrated internal resources, and effectively integrated the production and design of various links in raw material, spinning, weaving, printing and dyeing industries, production management, product quality, energy consumption and other work to continuously develop the industry specialization and product refinement, enhancing potential, improving quality and increasing efficiency. Technological innovation: companies adhere to innovation driven, increase R & D investment, actively carry out industry university research cooperation, the company takes R & D platform as a carrier, actively carry out technological innovation and product development, during the reporting period, from the new raw materials, new processes, new functions, the key development of products has 9 series. The company has established a standardized intellectual property management system. As of June 30, 2019, the company has obtained 5 patents for invention, 72 patents for utility models, and 39 patents for design. The company has actively participated in the drafting and formulation of 29 national and industrial standards, and has released 15 items (including 3 national standards and 12 industry standards).

Statistics show that Xinye textile main business is engaged in the production and sale of medium and high grade cotton textiles, the main products include grey fabric series products and yarn series products.