According to the announcement, due to the fact that the market price of the company's leading product PVC resin is still relatively low during the year, the company's financial department estimates that the net profit for 2009 will be reduced by more than 50% from the same period of last year. The specific financial data will also be at the company's 2009 annual Detailed disclosure in the report.
According to the quarterly report of the third quarter of 2009 released by Xinjiang Tianye Co., Ltd., the net profit attributable to the shareholders of the listed company in the third quarter of 2009 was 32,117,899.5 yuan, and the net profit for the first three quarters of 2009 was 9,597,276.05 yuan. , a year-on-year decrease of 94.79%.
According to the announcement, from January to September 2009, the company achieved a total net profit of RMB 9,597,276.05, a decrease of 94.79% compared with RMB 184,240,796.00 in January-September 2008. The main reason was that during the reporting period, due to the impact of the international financial crisis and changes in the macroeconomic environment, the company’s dominant products, especially the PVC resin market, were relatively sluggish. Compared with the same period of last year, the PVC resin market demand has shrunk. The low sales price and the drop in exports led to a loss in the company's operating performance in the first half of 2009. Although the market rebounded in the third quarter, the company’s overall operating losses from the January-September period were a win, but net profit was still significantly lower than the same period last year.
Company Profile
Xinxiang Lifeierte Filter Co., Ltd is specialized in manufacturing filter elements, filter housing, filter equipment, testing equipment and hydraulic parts.She is located in Xinxiang that is the center of filtration in China.Xinxiang Lifeierte Filter Co., Ltd integrates with oil filtration, water treatment and air purification to provide the society with more professional service and meet customers` demands. What`s more, Lifeierte has top-notch R&D team, professional technical team, effective production network and perfect after-sales service system. The corporate philosophy of Lifeierte is [to purify environment, to serve society, to manage faithfully,and to pursue excellence". The company also established the comprehensive cooperative relations with some famous design & research institutions and colleges. The quality of the product has reached the international advanced level and makes us achieve remarkable economic benefits.
Products
Mainly including:
National standard filters and filter elements, replacement of abroad filters and filter elements, the hydraulic equipment like oil filter machines and filter series, the filter detective equipment;
Compressed air filters and filter elements, air cleaning filter drums and filter-bag series, various kinds of air cleaning facilities in different patterns;
Kinds of water treating equipment like stainless steel water filters and filter elements, full automatic backwashing filters.
We carry out ISO, DIN, IDF and 3A industry standard strictly during the manufacturing process and all the products can conform to the standards of GMP.
The endeavor makes us more professional. The performance and the effect of our replace products are comparable with imports; in addition the performance and the quality of domestically-made filters or filter elements are also stable and reliable. All those have been selected and recognized by customers and research institutions.
testing standards are satisfied by the products
ISO2941- filter elements- the testing for the cracking resistance
ISO2942- filter elements-the identifying for the structural integrity
ISO2943- filter elements-the identifying for the compatibility between material and the liquid
ISO3723- filter elements-the testing method for the end load of filter elements
ISO3724- filter elements-the identifying for the fatigue properties of the filter elements
ISO3968- filter elements-the testing for determination of pressure differential/flow characteristics
ISO4572- filter elements-the testing for the multi-pass method for evaluating filtration performance.
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Xinxiang Lifeierte Filter Corp.,Ltd , https://www.chinafiltrations.com