Xinxiang Chemical Fiber releases dazzling 2024 semi-annual report

Recently, Xinxiang Chemical Fiber Co., Ltd. (hereinafter referred to as "Xinxiang Chemical Fiber") released its 2024 semi-annual report. The report shows that Xinxiang Chemical Fiber's operating income in the first half of 2024 was 3.795 billion yuan, an increase of 11.43% over the same period last year. The net profit attributable to shareholders of listed companies was 151 million yuan, a year-on-year increase of 1228.25%.

Since the beginning of this year, Xinxiang Chemical Fiber has adjusted its production and operation strategies in a timely manner according to market changes, prevented and controlled market risks, strengthened personnel management, and refined cost control. During the reporting period, production and operation were stable, and both production and sales increased significantly, especially regenerated cellulose filament contributed greatly to the company's profits. In the first half of 2024, the export of regenerated cellulose filament of Xinxiang Chemical Fiber increased by 30.47% over the same period last year, and the export volume accounted for 44.92% of the total export volume of the industry, ranking first in the industry.

While expanding the overseas market for regenerated cellulose filament, Xinxiang Chemical Fiber focuses on the development of domestic customers. It has established a continuous spinning comprehensive replacement team to jointly develop the application of continuous spinning products in the velvet and embroidery thread fields. Through collaborative innovation with upstream and downstream industrial chains and strengthening exchanges and cooperation with key enterprises, it has achieved initial results. In the first half of 2024, the domestic sales of regenerated cellulose filament of Xinxiang Chemical Fiber increased by 42.24% compared with the same period last year.