Shenzhen Textile A (000045): The First Half Profit Was 8 Million 414 Thousand And 100 Yuan, Down 12.78% Compared With The Same Period Last Year.

Ge Long Hui July 10th, Shenzhen textile A (000045.SZ) announced that the first half of 2019 attributable to shareholders of listed companies net profit of 8 million 414 thousand and 100 yuan, down 12.78% over the same period. The reasons for the change are as follows:

1, during the reporting period, operating income increased considerably over the same period last year. The main reasons were: first, the TFT-LCD two phase 6 line was put into operation in the second half of 2018, the capacity was released in the current year, the sales volume increased year-on-year; two, the import trade business that had been prepaid equipment in the year 2018 was completed in the current reporting period, while the trade business was less in the same period last year.

2, during the reporting period, net profit attributable to shareholders of listed companies declined slightly compared with the same period last year, because the price of major Polaroid products had been running low after the sharp decline in 2018, and the average selling price decreased compared with the same period last year, which offset the contribution of sales to net profit.

3. During the reporting period, the company expects that the impact of non recurring gains and losses on net profit attributable to shareholders of listed companies amount to about 17 million 42 thousand and 800 yuan, mainly for government subsidy income and disposal income of illiquid assets.