The hottest Yantai spandex released the first half

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Yantai spandex released the first half of 2010 performance express

recently, Yantai spandex Co., Ltd. released the 2010 semi annual performance express. During the reporting period, it achieved a total operating income of 706 million yuan, with a year-on-year increase of 37.41%, enhancing the tool force%; The total profit of 183million yuan can be divided into many kinds according to different uses, with a year-on-year increase of 361.09%; The net profit was 143 million yuan, an increase of 390.50% year-on-year; The basic earnings per share was 0.55 yuan, an increase of 400% year-on-year

affected by the recovery of the downstream textile industry, the price of spandex has been rising since the second quarter of last year. At the beginning of 2010, the quotation of Yantai spandex 40d spandex was 48000 yuan/ton, and then quickly rose to 62000 yuan/ton in mid March, and fell back to the current 58000 yuan/ton in late May. Industry insiders believe that at present, the spandex industry is at the peak of the boom. As the exports of the downstream textile and clothing industry may fall in the second half of the year, it is unlikely that the price of spandex will rise sharply again in the second half of the year

the financial crisis caused the demand for aramid fiber in Europe and the United States to decline significantly, and the export of Yantai spandex intermediate aramid products fell last year

however, affected by the recovery of domestic and foreign economies, especially the international market, after the Spring Festival this year, the export of aramid products between companies increased, orders increased, production gradually increased to full capacity, and the price also increased by 8000 yuan/ton in April and may (the current tax inclusive price is about 140000 yuan/ton). With the global economic recovery, Yantai spandex aramid business will continue to improve in the future. In addition, Yantai spandex 5000 t/a medical spandex project is expected to be fully put into operation in October 2010, 7000 T/a comfortable spandex project is expected to be completed and put into operation at the end of June 2011, and the 1000 t/a para aramid project is expected to be completed and put into operation until the sample is damaged in May 2011. All these will lay the foundation for the continuous and steady growth of the company's future performance

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