The main reason for reducing profits is profit from investment.

In 2014, the company sold 68 million 930 thousand shares of GF Securities and returned 1 billion 197 million 500 thousand yuan, earning an investment income of 589 million yuan.

In addition, two investment projects such as Iraqi agricultural products invested by industrial investment companies have gained 2 million 530 thousand yuan in investment income.

Recently released annual report, in 2014, the operating income of 1 billion 982 million yuan, down 3.71% compared to the same period, net profit of 378 million yuan, an increase of 99.30% over the same period last year.

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Last year, the company sold GF Securities [1.20% Fund Research Report] shares 68 million 930 thousand shares, the withdrawal of 1 billion 197 million 500 thousand yuan of funds, the investment income of 589 million yuan.

In addition, two investment projects such as Iraqi agricultural products invested by industrial investment companies have gained 2 million 530 thousand yuan in investment income.

In the face of insufficient market demand, orders decreased year by year, the cost of all kinds of elements continued to rise, and the debt crisis caused by interconnection insurance increased the risk of enterprise operation suddenly. The company accelerated pformation and upgrading and structural adjustment, planned industrial strategic pfer, and introduced an excellent international fabric enterprise through joint venture, and set up a complete textile main value chain from cotton, spinning, fabric to clothing.

Insiders say that the main business of the company has been weak for many years.

Earnings to dress up performance.

Judging from the situation disclosed in the annual report, the company currently owns 60 million shares of GF Securities, 64 million 988 thousand and 100 shares of Huizhou Merchants Bank, 2 million 142 thousand and 480 Limited by Share Ltd Shanghai Yihe agricultural technology development, and Shenzhen Huali long electric Limited by Share Ltd 2 million shares.

It is worthy of concern that Anqing is pushing forward the reform of state-owned enterprises, and the Anqing City Commission has pferred its state-owned shares of Huamao Group to its subordinate wholly owned subsidiary, Anqing city construction investment development (Group) Co., Ltd., and the overall listing of Huamao Group this year will be a big probability.

Huamao shares throw 3 million 640 thousand shares of GF Securities to earn 50 million

Huamao shares announced on Friday night that the company sold 3 million 640 thousand shares of GF Securities through the intensive trading system of Shenzhen Stock Exchange in from March 18th to 27th. It is estimated that the paction will increase the investment income of the company in the first quarter of this year by 66 million 756 thousand yuan, with a net profit of about 50 million 67 thousand yuan, accounting for about 13.25% of the company's audited net profit for 2014.

As of the announcement date, the company still holds GF Securities.

56 million 360 thousand shares account for 0.95% of their total share capital.