Xinxiang Chemical Fiber Co.,Ltd.’s Net Profit Rose 4980.3% in First Three Quarters of 2021

Xinxiang Chemical Fiber Co.,Ltd. (新乡化纤股份有限公司) (000949.SZ) reported a net profit of 1.3 billion yuan in the first three quarters of 2021, up 4980.3% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, up 119.1% year-on-year.

At the end of the reporting period, it had 11.3 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 45.6%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

Download our app to receive breaking news alerts and read the news on the go.

Follow the Chinese markets in real time with Caixin Global’s new stock database.