Tayho New Material to see 710-740 million Yuan of profit in Jan-Sep

Tayho New Material released a forecast of its results for the first three quarters on the evening of October 11th, saying that the company realized a net profit of 270 million yuan to 300 million yuan belonging to shareholders of listed companies in the third quarter, an increase of 362.92-414.36% over the same period last year. From January to September, the company expected to achieve a net profit of 710 million yuan to 740 million yuan belonging to shareholders of listed companies, an increase of 289.31-305.76% over the same period last year, and was expected to achieve basic earnings per share of 1.04-1.08 yuan per share.

The company said that since the beginning of this year, the price of its spandex products has risen significantly under the promotion of factors such as supply and demand; at the same time, the market demand for aramid products was strong, production and sales have increased significantly, and the company's profit level has increased significantly compared with the same period last year.