Shenda Shares (600626): Net Profit In The First Quarter Of 466 Million Yuan, An Increase Of 1134% Over The Same Period
In May 5th, Shen Da shares (600626) released its first quarter report in 2019, announcements that revenue was 3721650229.26 yuan during the reporting period, down 8.17% compared with the same period last year. Net profit attributable to shareholders of listed companies was 466162944.82 yuan, up 1133.72% over the same period last year.
Up to the end of the reporting period, the net assets of Shenda shares belonging to shareholders of listed companies were 3711958161.23 yuan, up 12.78% from the end of last year, and net cash flows from operating activities amounted to -260527780.88 yuan.
Other cash related activities related to financing activities fell by 99.06% during the reporting period, mainly due to the receipt of working capital compensation for IAC purchase date.
Statistics show that Shenda's main business includes industrial textiles business mainly consisting of automotive parts and acoustic components and new textile materials business, as well as textile import and export trade and domestic trade.
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