Tayho announces performance projection for H1 2021

Tayho New Material announced its performance projection on July 6: the net profit is expected to be 0.4-0.45 billion Yuan in the first half of 2021, up 222.45%-262.76% on the year. Demand for spandex was hot in the first half of year, ending up with continuously increasing sales volume and price. Production and sales of aramid grew substantially, and the profitability improved greatly compared with the same period of last year.