JINAN, March 27 (Xinhua) -- Shandong Ruyi Technology Group Co. Ltd., a major textile manufacturer in China, announced Wednesday it recorded a 39.58 percent year-on-year growth in net profit for 2018.
In its annual financial results filed to the Shenzhen Stock Exchange, Ruyi said its net profit attributable to shareholders reached about 99 million yuan (14.7 million U.S. dollars) last year.
Meanwhile, the business revenue of the company stood at nearly 1.33 billion yuan, up about 11.28 percent year on year.
In 2018, the turnover of its clothing products increased by 22.11 percent year on year, to 792.2 million yuan.
Shares of Ruyi closed 5.85 percent lower at 10.79 yuan Wednesday in Shenzhen, as the Shenzhen Composite Index gained 1.01 percent to close around 9,609.44.
