Huafeng Spandex Announced The First Three Quarters Of Performance Forecast, Product Sales Increased Over The Same Period Last Year.

Recently, the Zhejiang Huafeng spandex Limited by Share Ltd (hereinafter referred to as "Huafeng spandex") released the first three quarters of 2019 earnings forecast, said January 1, 2019 to September 30, 2019, Huafeng spandex attributable to shareholders of listed companies net profit 350 million yuan - 370 million yuan, an increase of -2.46% to 3.12% over the same period last year.

The announcement shows that in the first three quarters of 2019, the spandex industry increased its production capacity, and the supply and demand continued to oversupply. The price of the products showed a downward trend compared with the same period last year, and the industry deficit expanded. Huafeng spandex has always implemented the "full production and marketing, excellent structure", all members of the company and the board of directors to ensure the authenticity, accuracy and completeness of the information disclosure. There is no false record, misleading statement or major omission. We should speed up technological innovation, continuously improve efficiency and reduce costs, steadily improve product quality and market reputation, and enhance market competitive advantage. The sales volume of products has been raised over the same period last year, and the production cost has been effectively controlled, which has declined compared with the same period last year.

Statistics show that Huafeng spandex is specialized in the production, sales and technology development of spandex fiber, and its production scale ranks the forefront in the world spandex manufacturing enterprise.