Shares Of Financial Assets Are Much More Profitable, And Chemical Fiber Leader Huaxi Shares Made 513 Million In 2019.

The Jiangsu Huaxi Village Limited by Share Ltd, the main chemical raw material and chemical fiber product trade, has announced its performance forecast in January 16th. It is expected to make a profit of 513 million yuan -5.77 billion in 2019, an increase of 60%-80% over the same period last year.


For the reasons for the growth of performance, Huaxi stock explained that since January 1, 2019, the company has implemented the new financial instruments standard, and the fair value changes in the stock financing assets such as Bank of Jiangsu, Huatai Securities, and LAN Qi technology have increased substantially.


Reporters learned from the financial report that in the first half of 2019, Huaxi shares achieved a total operating income of 1 billion 699 million yuan, an increase of 38.12% over the same period last year, a profit of 416 million yuan, an increase of 213% over the same period last year, a net profit of 335 million yuan attributable to the owners of the parent company, an increase of 241.81% over the same period last year, a net cash flow of 210 million 815 thousand and 800 yuan from operating activities, a 2587.64% increase over the same period last year, a 0.38 yuan earnings per share, an increase of 245.45% over the same period last year, a 5.54 per share net asset, an increase over the beginning of the year, and a weighted average net asset yield rate of 245.45% percentage points higher than the same period last year.


During the reporting period, Huaxi shares, on the one hand, continued to develop and layout valuable investment businesses based on a village capital platform. At the same time, the company has gradually discovered and distributed high-quality assets that conform to the company's industrial strategy through the investment ability of a village's capital accumulation, and firmly promoted the company's industrial transformation strategy. The traditional main business of the company is polyester fiber chemical fiber business. In the face of the depressed industrial environment, the company maintains the overall stability of the company's performance through vigorously developing differential fiber, saving energy and reducing consumption and developing overseas markets.


In the first half of 2019, the sales volume of the main products of Huaxi main products was 184156 tons, which increased by 32.60% tons compared with the same period last year. The output of the products was 194160 tons, an increase of 27.86% over the same period last year; the stock volume was 19612 tons, 104.14% higher than that of the beginning of the year; the sales income of polyester staple fiber increased by 1 billion 376 million yuan, 25.20% more than that of the same period last year, and the polyester staple fiber product achieved gross profit 60 million yuan, a decrease of 50.82% compared with the same period last year, and the gross profit rate of polyester staple fiber was 4.35%, a decrease of about 1% over the same period last year.


The main reason for the decline in gross profit margin is: the trade environment of the chemical fiber industry has weakened due to the impact of Sino US trade frictions, and the unit price of the product has declined year by year, and the unit cost has increased year by year.


According to public information, Huaxi stock was established in 1999 by Jiangyin Huaxi Industrial Co., Ltd. Limited by Share Ltd. The company has been one of the top leaders in the chemical fiber industry. Its business scope includes the sale of dangerous chemicals. Chemical raw materials, chemical fiber products manufacturing, domestic trade, self agency and agency of various commodities and technology import and export business; venture capital fund management, merger and acquisition fund management, securities investment and private equity investment fund management, as well as Internet Finance and competent authorities permit his financial business.


Huaxi shares is a subsidiary of Jiangsu Huaxi Group Co., Ltd., a famous township enterprise in China. At present, Huaxi Group owns 40.59 of the listed company. According to the plan, Huaxi shares will announce the 2019 annual report in April 18th.


By the end of this afternoon, Huaxi stock reported 7.84 yuan / share, a decrease of 3.45%, and a market value of 6 billion 946 million yuan.