Xinye Textile'S Net Profit In The First Half Of 2020 Is 115 Million, Down 24.8%

Xinye textile (002087) recently released its semi annual report for 2020. In the first half of 2020, the company realized operating revenue of 2412815480.25 yuan, down 15.81% year-on-year, and realized 114759245.10 yuan of net profit attributable to shareholders of listed companies, a year-on-year decrease of 24.80%.

　　 At the end of the reporting period, the total assets of the company were 8981493744.75 yuan, down 6% compared with the end of the previous year; the net assets attributable to shareholders of the listed company were 4217662668.11 yuan, an increase of 2.16% compared with the end of last year.

It is understood that in the first half of 2020, in the face of the severe test brought about by the new crown pneumonia epidemic and the complex and changeable domestic and foreign environment, under the strong leadership, the whole country coordinated the work of epidemic prevention and control and economic and social development, the situation of epidemic prevention and control continued to improve, and the resumption of work, production and business was accelerated. In the first half of the year, China's economy first fell and then rose. In the second quarter, economic growth turned from negative to positive. The main indicators of economic growth recovered steadily. The basic livelihood security was strong, and the overall situation of social development was stable. Textile industry, as a pillar industry of the national economy, as an industry deeply integrated with the global industrial chain, has played an important role in this outbreak. But the industry has also suffered from both supply and demand shocks.

Information shows that Xinye textile's main business is engaged in the production and sales of medium and high-grade cotton textiles, and its main products include yarn series products, grey cloth and fabric series products.