Yizheng Chemical Fiber Reverse City high open 3%q1 after the Q2 net profit more excellent

09 in the first quarter of the fiscal year, Yizheng Chemical fiber, H-Shares in the early reversal of the city opened 3.18% to HK $1.62, 2.13 million shares. Yizheng Chemical Fiber A shares (600871-CN) is also up 3.52% to 7.06 Yuan, run to win the same trade. Boosted by news of its second-quarter record of better earnings.　　The company is expected to make a profit in the first half of the year, thanks to improvements in profit margins and cost-cutting measures, and a better net profit in the second quarter than in the first quarter. Data show that Yizheng chemical fiber in the first half of 2008 net loss of 263.8 million yuan.　　A net profit of $36.342 million was recorded in the first quarter of 09. Only market comments that the domestic polyester industry outlook is still unclear, and crude oil price fluctuations, or make yizheng chemical fiber gains limited. On the latest international oil prices, investor confidence in the U.S. economic recovery weakened, the New York Mercantile Exchange August light and low sulfur crude oil futures contract settlement price fell 2.58 U.S. dollars, to 66.73 U.S. dollars per barrel, a decrease of 3.7%.