Xinxiang Chemical Fiber'S Net Profit In The First Half Of The Year Was 28.47 Million Yuan, Down 57.87%

On August 19, Xinxiang Chemical fiber released the semi annual report of 2020.

Data shows that in the first half of the year, Xinxiang Chemical fiber realized 1.839 billion yuan of operating revenue, a year-on-year decrease of 24.89%; the net profit attributable to shareholders of listed companies was 28.47 million yuan, a year-on-year decrease of 57.87%.

According to Xinxiang Chemical fiber, since 2020, with the continuous spread of the new type of coronavirus pneumonia at home and abroad, the downstream demand of viscose filament of the company's products has been affected, and the operating income has decreased; meanwhile, the accounts receivable have increased, the selling price of some finished products has decreased, and the gross profit has been greatly reduced.