Xinxiang Chemical Fiber (000949) recently released its 2022 semi-annual performance forecast. It is expected that the net profit attributable to shareholders of listed companies in the first half of 2022 will be 8 million yuan – 10.5 million yuan, compared with 737.6685 million yuan in the same period last year, a decrease of 98.58% compared with the same period last year – 98.92%; basic earnings per share ranged from 0.0055 yuan/share to 0.0072 yuan/share, compared with 0.5865 yuan/share in the same period last year. It is expected that the loss from January to June 2022 will be 6.5 million yuan to 9 million yuan, a year-on-year decrease of 100.89% to 101.23%.
Compared with the same period last year, the market for spandex fiber, the company’s main product, was weak during the reporting period, and the selling price dropped significantly. Although the prices of main raw materials were also reduced, the average price in the first half of the year was still significantly higher than the same period last year, resulting in an increase in product costs, and spandex Product gross profit has decreased, and the company’s operating performance is expected to decline significantly year-on-year.
According to the data, the company is mainly engaged in the production and sales of chemical fiber products. Its main products include: spandex fiber and biomass cellulose filament. The company’s business belongs to the chemical fiber manufacturing industry (C28) of the China Securities Regulatory Commission’s “Industry Classification Guidelines for Listed Companies”, specifically the spandex fiber and biomass cellulose filament sub-industries.
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