According to the 2009 annual performance forecast released by Xinjiang Tianye Co., Ltd., it is expected that the company's 2009 annual performance will decline by more than 50% year-on-year.
According to the announcement, due to the fact that the market price of the company's leading product PVC resin is still relatively low during the year, the company's financial department estimates that the net profit for 2009 will be reduced by more than 50% from the same period of last year. The specific financial data will also be at the company's 2009 annual Detailed disclosure in the report.
According to the quarterly report of the third quarter of 2009 released by Xinjiang Tianye Co., Ltd., the net profit attributable to the shareholders of the listed company in the third quarter of 2009 was 32,117,899.5 yuan, and the net profit for the first three quarters of 2009 was 9,597,276.05 yuan. , a year-on-year decrease of 94.79%.
According to the announcement, from January to September 2009, the company achieved a total net profit of RMB 9,597,276.05, a decrease of 94.79% compared with RMB 184,240,796.00 in January-September 2008. The main reason was that during the reporting period, due to the impact of the international financial crisis and changes in the macroeconomic environment, the company’s dominant products, especially the PVC resin market, were relatively sluggish. Compared with the same period of last year, the PVC resin market demand has shrunk. The low sales price and the drop in exports led to a loss in the company's operating performance in the first half of 2009. Although the market rebounded in the third quarter, the company’s overall operating losses from the January-September period were a win, but net profit was still significantly lower than the same period last year.
According to the announcement, due to the fact that the market price of the company's leading product PVC resin is still relatively low during the year, the company's financial department estimates that the net profit for 2009 will be reduced by more than 50% from the same period of last year. The specific financial data will also be at the company's 2009 annual Detailed disclosure in the report.
According to the quarterly report of the third quarter of 2009 released by Xinjiang Tianye Co., Ltd., the net profit attributable to the shareholders of the listed company in the third quarter of 2009 was 32,117,899.5 yuan, and the net profit for the first three quarters of 2009 was 9,597,276.05 yuan. , a year-on-year decrease of 94.79%.
According to the announcement, from January to September 2009, the company achieved a total net profit of RMB 9,597,276.05, a decrease of 94.79% compared with RMB 184,240,796.00 in January-September 2008. The main reason was that during the reporting period, due to the impact of the international financial crisis and changes in the macroeconomic environment, the company’s dominant products, especially the PVC resin market, were relatively sluggish. Compared with the same period of last year, the PVC resin market demand has shrunk. The low sales price and the drop in exports led to a loss in the company's operating performance in the first half of 2009. Although the market rebounded in the third quarter, the company’s overall operating losses from the January-September period were a win, but net profit was still significantly lower than the same period last year.
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