Li Heng Chemical Fibre Technologies, one of China’s leading manufacturers of high-end nylon fibres, says it posted revenue of RMB2 billion ($413 million) for the financial performance for the full year ended 31 December 2009 (FY09), 46% lower than in FY08.
Net profit after tax in FY09 fell 84% lower to RMB130.3 million in line with the lower revenue and gross profit.
