Yip’s chemical finance director He Shihao said that the first half of this year net profit fell 32%,

Yip’s chemical finance director He Shihao said that the first half of this year net profit fell 32%, dragged down by the dividend tax foreign exchange losses and domestic companies such as the distribution of profits, excluding the two expenditures, net profit was roughly comparable. He said the second half of last year, the company recorded a loss, but this year the price stabilization and reduce company debt, the second half of the dollar, the cost of raw materials and the impact of exchange rate fluctuations will be small, performance will be further improved.

He pointed out that the first half of the sales rose by 14%, but the turnover fell back to 11%, mainly due to the price at the price of raw materials, the corresponding decline in the price decline, but also because of coatings business because the market requirements of environmental protection to the low prices caused by water paint.