Feng Bamboo Textile Business Income In The First Quarter Of 193 Million Yuan

Recently, Fujian phoenix bamboo textile Polytron Technologies Inc (Stock Code: 600493) released the first quarter 2020 report. Data show that during the reporting period, Feng Bamboo textile realized revenue of 193 million yuan, down 24.70% compared with the same period last year; net profit attributable to shareholders of listed companies was 1 million 560 thousand yuan, down 77.40% compared with the same period last year; net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 1 million 398 thousand and 700 yuan, a year-on-year decrease of 76.69%; and basic earnings per share were 0.0057 yuan.

Reporters learned that the investment income of Phoenix Bamboo textile industry increased by 2113.38% over the reporting period, mainly due to the increase in financial income during the current period. The income tax expense during the reporting period dropped by 56.23% compared to the same period, mainly due to the decrease in profits during the current period.

For the industry's concern about the relocation of the new plant of Feng Dong bamboo textile plant, Feng Zhu textile said that the main building structure of the new plant project in Anton has been capped. Now in the interior decoration, public works construction and equipment installation, the related construction work is being actively coordinated and promoted. Due to the impact of the new crown pneumonia epidemic caused by the unexpected construction of the new crown pneumonia, the company is expected to be completed and put into operation as soon as possible after September 30, 2020 due to the sudden development of the new crown pneumonia.