Zhitong Financial APP News, Jiangnan High Fiber (600527.SH) disclosed its half-yearly report for 2022. During the reporting period, the company realized revenue of 421 million yuan, an increase of 1.65% over the same period last year; net profit of 40.16 million yuan, down 15.13% from the same period last year; deducting 32.77 million yuan of non-net profit, down 23.71% from the same period last year; and basic earnings per share of 0.0232 yuan.

During the reporting period, the company is mainly engaged in the research and development, production and sales of high-performance fiber, mainly producing polyester sliver and composite staple fiber. Polyester sliver is mainly used in wool spinning industry to blended with wool sliver to produce wool and other fabrics; composite staple fiber, as the main raw material of the new generation of non-woven fabrics, is mainly used in the production of all kinds of non-woven fabrics and dustless paper. widely used in the production of disposable sanitary materials such as diapers and sanitary napkins. The company is the largest manufacturer of composite staple fiber and polyester sliver in China, with a production capacity of 230000 tons of composite staple fiber and 36000 tons of polyester sliver. The production capacity of polyester sliver will be increased to 42000 tons.