Tianjin Hongda Textile Machinery Company created record levels in the first half of this year according to various economic indicators.
During this period, the company achieved sales revenue of 236.96 million yuan, completing 56.38 percent of its annual target, up 11.88 percent over the same phase last year and obtaining total profits of 16.37 million yuan, accounting for 57.44 percent of its annual plan.
Sales of new products reached 85.904 million yuan, showing an increase of around 43.999 million yuan over the same period last year, a year-on-year growth of 102.58 percent.
Export value marked 69.353 million yuan, accounting 80.64 percent of its annual plan, a year-on-year growth of 211.67 percent, representing 30 percent of its total business income in the first half of 2007.
Fibre2fashion News Desk - China