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Foshan Plastics' net profit for the first half of 2014 increased by 1.02% year-on-year

Foshan Plastics' net profit for the first half of 2014 increased by 1.02% year-on-year

  • Categories:Company news
  • Author:
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  • Time of issue:2019-07-24 09:27
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(Summary description)On the evening of August 29, Foshan Plastics Technology announced that in the first half of this year, due to the unfavorable factors such as the overall overcapacity of the plastics industry, insufficient domestic market demand and high raw material prices, the competitive situation is still grim.

Foshan Plastics' net profit for the first half of 2014 increased by 1.02% year-on-year

(Summary description)On the evening of August 29, Foshan Plastics Technology announced that in the first half of this year, due to the unfavorable factors such as the overall overcapacity of the plastics industry, insufficient domestic market demand and high raw material prices, the competitive situation is still grim.

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2019-07-24 09:27
  • Views:
Information
On the evening of August 29, Foshan Plastics Technology announced that in the first half of this year, due to the unfavorable factors such as the overall overcapacity of the plastics industry, insufficient domestic market demand and high raw material prices, the competitive situation is still grim. Facing the complicated economic environment, the company resolutely implements the development strategy of “focusing on R&D and production of new energy, new materials and energy-saving and environmental protection industries”, and strengthens resources around the work policy of “Strong Management, Strong Innovation, and Structural Adjustment”. Consolidation and adjustment of industrial structure, efforts to do a good job in all aspects of business management, implementation of various operational measures, and overall maintain stable business performance.
 
During the reporting period, the company actively promoted technological transformation and investment project construction, increased product structure adjustment, accelerated the pace of industrial transformation and upgrading; attached importance to scientific and technological research and development, enhanced technological innovation capabilities; actively expanded financing channels, strengthened fund management and financial management, and reduced funds. Cost and operating costs; increase resource optimization and adjustment; strengthen on-site production management, improve management efficiency; improve employee training system and create superior competition system, improve employee enthusiasm, and build excellent talent team.
 
During the reporting period, the company achieved operating income of 1.248 billion yuan, down 9.36% compared with the same period of last year; net profit attributable to shareholders of listed companies was 25,536,900 yuan, an increase of 1.02% compared with the same period of last year.

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Foshan Hongfeng Machinery Co.,Ltd.

Adress:No. 17 Rongyi Road, Rongxing Industrial Park, Wu Zhuang,Luocun,Nanhai District, Foshan City,Guangdong,China

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