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Huafang Textile Materials Had A Net Profit Of 120 Million In 2010; Turn Loss Into Profit
The company said that the substantial growth of its performance in 2010 was due to the substantial growth of its main business performance, especially since the second half of 2010, with the shortage of cotton as the main raw material, the bargaining power of the company's cotton yarn products has improved, thus expanding the profit space of the company's cotton yarn products. In addition, the company properly carried out futures trading of cotton varieties, which effectively created value for the company.
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