The first quarter revenue of China flax company increased by nearly 80% year on year.
the first quarter financial report released by China flax textile industry company on May 23 showed that the company's total revenue in the first quarter reached US $15.8 million, a year-on-year increase of 79%, benefiting from the increase in sales and unit price; The net income was USD 3.2 million, a year-on-year increase of 50%. The financial report also showed that, driven by sales growth, the company's total profit in the first quarter was $5.7 million, an increase of 109% year-on-year. The gross profit margin reached 36%, which was 30.9% in the first quarter of 2010. The operating expenditure in the first quarter reached 1.2 million US dollars. The experimental data can be stored, with a year-on-year increase of 131%, mainly due to the increase of sales, R & D and other expenses
due to the increase in sales in emerging markets such as India, Turkey, Spain and Thailand, the company's sales in the international market accounted for 58% of its operating revenue, while the increase in demand for flax products in the domestic market also led to revenue growth. Influenced by the fashion trend, the European and Asian markets began to favor pure flax products and accessories, and the consumer oil pump kept running; More and more people have recognized the quality and price of flax products. PolyOne recently announced the value. At the same time, due to the overall rise in cotton prices, flax products are relatively more affordable. It is expected that the market of flax products will continue to expand in 2011
China Flax Textile Industry Corporation has built our province into a strong province in the new material industry with domestic advanced level and global influence. The division is a large group company engaged in the research, production and sales of flax textile products. Its headquarters are located in Harbin. It was listed on the OTCBB market in the United States in 2008
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