Xinye Textile: 2019 Net Profit In The First Three Quarters Of The Year Fell 35.6%, A Drop In Excess Revenue

Xinye textile disclosed three quarterly reports in October 22, 2019. The company achieved total operating income of 4 billion 220 million in the first three quarters of 2019, down 11% from the same period last year, and realized net profit of 200 million, down 35.6% compared to the same period last year, and the earnings per share were 0.25 yuan. During the reporting period, the gross profit margin of the company was 16.8%, basically maintaining the previous year's level, with a net interest rate of 4.6%, down 2.1 percentage points from the same period last year.

Operating cash flow rose sharply

The 2019 three quarter operating cost of the company was 3 billion 520 million, down 10.8% from the same period last year, lower than the 11% decline in operating income, and the gross profit margin dropped 0.1%. The period cost rate was 10.3%, an increase of 1.1% over the previous year. Operating cash flow increased by 88.2% to 910 million.