Xinye textile (002087) on Tuesday, after the release of performance forecast, it is expected that the company's net profit in the first quarter of 2010 will grow by 350%-380% over the same period.

The sharp increase in performance was mainly due to the low performance of the company due to the financial crisis in the same period last year. Since the beginning of this year, the demand for downstream industries has warmed up, and sales and sales of the company have been booming. Sales in the first quarter increased considerably compared with the same period last year. In addition, the company received a subsidy of 5 million 820 thousand yuan in the first quarter of this year, while the subsidy in the 09 quarter was received in the two quarter.

Last year, the company realized Net profit 3 million 325 thousand and 200 yuan, earnings per share 0.0142 yuan.

Xinye textile Tuesday Closing Market It was 7.77 yuan, up 3.32%.