Gelonghui July 13th 丨Fengzhu Textile (600493.SH) was announcedAccording to preliminary estimates by the finance department, it is estimated that net profit attributable to owners of the parent company will be 4.28 million yuan in the half year of 2023. Compared with 14.79 million yuan in the same period last year, it will decrease by 10.51 million yuan, a year-on-year decrease of 71%.Net profit attributable to owners of the parent company after deducting non-recurring profit and loss is expected to be 9.12 million yuan in the half-year of 2023. Compared with 7.84 million yuan in the same period last year, it will decrease by 16.96 million yuan, or 216% year on year.

Main business side: This was due to sluggish downstream demand during the reporting period, weak growth in the company's product sales revenue, and production capacity performance falling short of expectations.