Xinye Textile'S Net Profit Fell By About 20% In The First Quarter.
In April 14th, Xinye textile announced the first quarter results announcement in 2020. The net profit attributable to shareholders of listed companies is 60 million yuan to 65 million yuan, down 16.19% to 22.64% over the same period last year. The profit was 77 million 558 thousand and 700 yuan in the same period last year.
The announcement said that during the reporting period, the company and the upstream and downstream businesses were delayed due to the outbreak of the epidemic, resulting in a decline in production and sales in the first quarter, a decrease in operating income and a decline in net profit. The company will continue to pay close attention to the progress of the epidemic and actively respond to the impact of the epidemic in the first quarter.
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