China'S First Report On HTC Growth In Textile Industry

Yesterday evening, Hongda high tech, the first listed company in the textile industry, announced the results of the newspaper.

51 million 740 thousand yuan, an increase of 63.89% over the same period last year.

This result is undoubtedly a stimulant in the background of the textile industry's majority loss.

For the growth of performance, the company announced that during the reporting period, the company concentrated on improving the overall quality and comprehensive economic benefits of the company, conscientiously implemented the objectives and tasks, and worked together with all staff to forge ahead and basically completed the various planning targets and tasks set out at the beginning of the year.

According to the China Daily, the business revenue of HTC reached 282 million yuan, an increase of 3.67% over the same period last year, and realized a total profit of 60 million 270 thousand yuan, an increase of 63.51% over the same period last year, achieving a net profit of 51 million 740 thousand yuan, an increase of 63.89% over the same period last year.

The company explained the reasons for growth: the price of raw materials has dropped, and the company has deepened enterprise management, optimized product mix, accelerated the development and sales of new products, strengthened energy conservation and consumption reduction, improved efficiency, reduced efficiency and increased profits.

In addition, the net cash flow generated by Hongda high tech in the first half of this year has increased by nearly 3 times.

The China Daily reported that the net cash flow generated by the company's business activities was 44 million 477 thousand yuan, an increase of 296.84% over the same period last year of -2259.53 million yuan.

The company indicated that the net cash flow generated by operating activities increased by 296.84% over the same period last year, as the cash receipts received from the sales commodities during the reporting period were greater than the cash outflow of the company's purchasing funds.

The China Daily reported that HTC's main business includes

Weaving, printing and dyeing, processing, trade, medical devices and others.

Among them, the fabric weaving business income was the largest, reaching 122 million yuan in the first half of the year, up 9.59% from the same period last year, and the gross profit margin was 35.11%, an increase of 3.97% over the previous year.

In addition, the income of medical devices was only 86 million 817 thousand and 200 yuan after the first half of the year, up 61.28% from the same period last year, and the gross profit margin was 43.58%, a decrease of 14.73% over the same period last year.

However, in addition to the two main revenue growth of fabric weaving and medical devices, the two main revenue of HTC's printing, dyeing, processing and trade declined, operating income decreased by 18.95% and 35.86% compared to the same period last year.

In addition, as HTC technology mainly produces automotive interior fabrics,

In the doldrums, we still maintained growth in performance, but the company continued to say that due to the adverse effects of the first half of the domestic textile market and the reduction of foreign orders, the company's fund-raising fabrics for the fund-raising project were postponed.

According to the China Daily, the first half of the year, the operating income of elastic fabric was 22 million 729 thousand and 800 yuan, a decrease of 28.61% compared with the same period last year, and the gross profit margin was 35.52%, up 9.41% from the same period last year.