On August 12, Xingfa Group (600141) recently released its semi-annual report for 2019. The announcement showed that it achieved revenue of 9.507 billion yuan during the reporting period, an increase of 1.21% year-on-year. The net profit attributable to shareholders of the listed company was 124 million Yuan, a year-on-year decline of 32.58%; basic earnings per share were 0.13 yuan, compared with 0.23 yuan in the same period last year.


As of June 30, 2019, Xingfa Group's net assets attributable to shareholders of listed companies were 7.513 billion yuan, a decrease of 0.34% from the end of the previous year; the net cash flow from operating activities was 727 million yuan, compared with 928 million yuan in the same period last year .


It is understood that in the first half of 2019, the company's organic silicon market price fell sharply year-on-year, and the profitability of organic silicon products dropped significantly.


According to the information, the main business of Xingfa Group is the design, production and sales of precision metal structural parts and electronic components used in liquid crystal display fields such as LCD TVs. The main products include precision metal stamped structural parts, bases, molds and electronics for LCD TVs. Components, etc.