Taixin Material: Last year's net profit increased by 56%

Taixingdao's annual report and quarterly report on the evening of the 21st revealed that in 2018, revenue reached 2.172 billion yuan, an increase of about 40% compared with the same period last year; net profit increased 56% compared with the same period last year; revenue in the first quarter of this year was 656 million yuan, an increase of about 50% compared with the same period last year; net profit increased 15% compared with the same period last quarter. In addition, the company intends to construct 8,000 tons/year high-performance interphase aramid high-efficiency integrated industrialization project, 15,000 tons/year high-efficiency differential coarse denier polyurethane project, 30,000 tons/year green differential polyurethane intelligent manufacturing project, with investment of 1.2 billion yuan, 450 million yuan and 1 billion yuan respectively.