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Fujian Feng Bamboo Textile: Operating Profit Of 27 Million 230 Thousand Yuan In The First Half Year

2010/8/19 10:32:00 37

16 nights,

Fujian

Feng Zhu textile Polytron Technologies Inc released its semi annual report in 2010.

Notice shows that during the reporting period (January 1, 2010 to June 30, 2010), Feng Bamboo Textile General

Management

In good condition, the main business revenue reached 404 million 350 thousand yuan, up 28.68% over the same period last year, and realized operating profit of 27 million 230 thousand yuan, an increase of 1209% over the same period last year.

Among them, the net profit attributable to shareholders of listed companies was 24 million 920 thousand yuan, an increase of 294.58% over the same period last year.

During the reporting period, the domestic textile industry was affected by the improvement of the domestic overall economic situation, and the textile market demand rebounded. The overall situation of the textile industry has improved, and this has also promoted the development of Phoenix Bamboo textile in the first half year.

"Facing the adverse development situation since the financial crisis, the company promptly adjusted its business strategy and product mix, reduced its operating costs, adjusted its marketing strategy, and actively expanded the international market. In the past few years, the company's exports continued to grow rapidly, so that the company's exports continued to grow rapidly."

Feng Zhu textile responsible person told reporters that in order to adapt to the new economic situation, Feng Bamboo textile insisted on the product structure from

incoming

The pformation from processing dominated to finished products increased the added value of products. At the same time, with the economic situation turning warm as an opportunity for development, the management and optimization structure of phoenix bamboo made the company's sales and business performance bigger than that of the same period last year.

As for the major changes in profit composition compared with the previous year, the main reason for Feng Zhu textile will be attributed to the increase in orders and sales prices, and the decrease in costs, so that the profit of the main business increased by 30 million 350 thousand yuan over the same period last year, an increase of 87.1%.

In addition, during the reporting period, the gross profit margin of the main business of Phoenix Bamboo textile was 16.12%, an increase of 5.03% over the same period last year, mainly due to an increase of 6.28% in weaving (finished goods) business and an increase of 10.57% in spinning business.

The main reasons for the rise in gross profit margin are: first, the improvement of the economic situation this year and the increase in market demand, which has led to an increase in sales prices this year than in the same period last year. In particular, the export income of finished goods increased by 40% over the same period last year, and the added value of products was increased. Two, the increase in orders resulted in an increase in output, a decrease in unit fixed costs and a rise in gross margin.