Huafon, Tayho and Xinxiang Chemical Fiber Announce Semi-Annual Report

1. Huafon announced its semi-annual report on Jul 28, 2017. In the first half of 2017, operating income amounted to 1.846 billion Yuan, up by 50.75% y-o-y, and the net profit of shareholders increased by 146.48% y-o-y to 0.192 billion Yuan.

2. Tayho published its semi-annual report on Jul 20, 2017. In the first half of 2017, the operating income grew by 13.49% on the year to 0.839 billion Yuan, and the net profit of shareholders hiked by 81.99% y-o-y to 61.188 million Yuan.

Operating profit surged by 98.36% y-o-y to 77.6464 million Yuan in the first half of 2017, the total profit rose by 89.90% compared with the same period of last year to 79.7175 million Yuan, and the basic earnings per share increased by 66.67% from the same period of last year to 0.10 Yuan.

3. Xinxiang Chemical Fiber announced its semi-annual report on Aug 11, 2017. In the first half of 2017, operating income amounted to 1.869 billion Yuan, up by 11.64% y-o-y, and the net profit of shareholders accumulated by 44.65% y-o-y to 48.88 million Yuan.

According to the report, Xinxiang Chemical Fiber produced 26,544 tons of spandex, with operation income of spandex staying at 0.503 billion Yuan, operation cost at 0.427 billion Yuan and gross profit at 15.15%, up by 33.98%, 14.59% and 14.36% y-o-y respectively. The progress of its 2*20kta of super soft spandex 2nd phase project is at 99%, and that of its 3*20kta super fine denier spandex 1st phase project is at 30%.