Golden Eagle's Net Profit Increased 8% In The First Half Of The Year, And Its Profit Reached 15 Million 693 Thousand Yuan.

In August 22nd, the Zhejiang Golden Eagle Limited by Share Ltd (hereinafter referred to as "Golden Eagle") (600232) issued the 2019 semi annual report that the company achieved operating income of 528 million 596 thousand yuan during the reporting period, representing a decrease of 8.7% compared with the same period last year. The company achieved a net profit of 15 million 693 thousand yuan, an increase of 8.04% over the same period last year.

During the reporting period, the price of flax products changed from rising to stable, with strong market demand, sufficient orders, high product prices, and continued profit margins of textile plates. The report revealed that in the main business income of Jinying shares, the textile industry accounted for the largest proportion, followed by the machinery industry and the clothing industry, with gross margins of 19.76%, 17.89% and 4.89% respectively. Among them, the gross profit margin of textile industry increased by 8.75 percentage points over the same period last year, and the machinery industry and garment industry decreased by 2.74 percentage points and 1.92 percentage points respectively.

The main business of Jinying shares is the manufacture and sale of Ma, Mao, silk and silk textile machinery complete sets of equipment. Linen spinning, silk spinning, weaving, dyeing and finishing, and garment making. Injection molding machinery series equipment. Lithium battery cathode materials R & D, manufacturing and marketing.