Xinxiang Chemical Fiber’s net profit in the first half of 2022 was 9.4224 million, a year-on-year decrease of 98.72%

Latest News: On August 11, Xinxiang Chemical Fiber recently released its 2022 semi-annual report. During the reporting period, the company achieved operating income of 3,964,160,004.60 yuan, down 3.84% year-on-year; the net profit attributable to shareholders of the listed company was 9,422,358.09 yuan , down 98.72% year-on-year.

During the reporting period, the net cash flow from operating activities was -104,698,760.30 yuan, and the net assets attributable to shareholders of the listed company were 6,084,262,367.93 yuan.

During the reporting period, the operating cost was RMB 3,543,847,678.66, a year-on-year increase of 30.22%, mainly due to the increase in the price of raw materials; financial expenses were RMB 5,942,534.28, a year-on-year decrease of 93.76%, mainly due to the exchange gain of RMB 62.86 million confirmed in the reporting period, and the exchange loss of RMB 1,458 in the same period last year. million.

According to the data, Xinxiang Chemical Fiber is mainly engaged in the production and sales of chemical fiber products. The main products include: spandex fiber, biomass cellulose filament (viscose filament).