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Elite Color Environmental Resources 

Elite Color Environmental Resources Science & Technology Co., Ltd. manufactures and sells polyester fiber and related products in China and internationally. Its offerings include white, colored, black, and flame-retardant LMF; recycled white, black, and colored LMF; PSF for automotive interior trim, home and cotton textiles, carpet and geotextile, and scouring pads; ES fiber; melt-blown non-woven fabric; flame-retardant PSF; hot melt and low melting yarn; and low melting fiber. The company was founded in 2003 and is headquartered in Jiangyin, China.

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Youcai Resources' actual controller changes to Jiangyin SASAC; shares resume trading on September 11

Youcai Resources announced that its actual controllers Dai Zexin and Wang Xueping, along with the concert party Qunying Investment, signed a share transfer agreement with Environmental Protection Group to transfer approximately 22.72% of the company's shares in total. Meanwhile, Environmental Protection Group plans to subscribe for up to 33 million shares in the company's private placement, with a subscription amount not exceeding 300 million yuan. After the transaction is completed, Environmental Protection Group is expected to hold approximately 29.29% of the shares, the company's controlling shareholder will change to Environmental Protection Group, and the actual controller will change to the State-owned Assets Supervision and Administration Office of the Jiangyin Municipal People's Government. The company's shares will resume trading on September 11, and this matter remains subject to uncertainty.
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First A-Share Semi-Annual Report Released: Youcai Resources Net Profit Up 103.87% Year-on-Year

The first A-share semi-annual report has been released. Youcai Resources reported a net profit attributable to the parent company of 82.5863 million yuan in the first half of the year, up 103.87 percent year-on-year. The company achieved operating revenue of 1.33 billion yuan, an increase of 7.87 percent, with basic earnings per share of 0.24 yuan. It also plans to distribute a cash dividend of 2 yuan for every 10 shares to all shareholders. Second-quarter net profit was 50.5702 million yuan, up 102.23 percent year-on-year. The company's main business is polyester fiber and its products, with a latest market value of approximately 2.6 billion yuan. Several key projects are progressing in an orderly manner, including an annual production capacity of 220,000 tons of recycled colored composite functional fibers and products. At the shareholder level, multiple institutional investors became new top-ten shareholders in the second quarter.
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