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.
Elite Color Environmental Resources Net profit up 103.87% YoY, strong earnings growth and cash dividend announced.