Huamao Shares Released The First Three Quarters Of 2019 Performance Notice, Textile Business Steadily Picked Up

In October 14th, Anhui Huamao textile Limited by Share Ltd (hereinafter referred to as "Huamao shares") issued the first three quarters of 2019 performance notice. The announcement shows that in September 30th January 1, 2019 -2019, the net profit attributable to shareholders of listed companies was 230 million yuan -2.80 billion yuan, an increase of 71.86%-109.22% over the same period last year, and the basic earnings per share were about 0.244-0.297 yuan.

The proceeds from the holding of some shares of Guotai Junan Securities and the net proceeds of dividends attributable to shareholders of listed companies under the accounting standards have increased the net profit attributable to shareholders of listed companies. At the same time, the company has actively promoted structural adjustment and transformation and upgrading of the textile business, and textile business profits have steadily rebounded. 2, since January 1, 2019, the company has implemented the new financial instruments accounting standards, which will be included in the fair value of the Guotai Junan Securities, GF Securities, tuanwei securities, Internet software and other stock Anhui Huamao textile Limited by Share Ltd. In the first three quarters of 2019, financial assets were reclassified to account for the financial assets that were measured in fair value and included in the current profits and losses. Sale of Huamao shares during the reporting period

During the reporting period, the increase in the fair value of such financial assets increased the net profit attributable to shareholders of listed companies this year. The profit from July 1, 2019 to September 30, 2019 was negative, mainly due to the implementation of the new accounting standards for financial instruments. The decrease in the value of equity assets caused by the decrease in the value of equity financial assets held during the above-mentioned period led to a decrease in the fair value.