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On February 27, Zhejiang Sanlux Rubber Co., Ltd. released its 2011 annual report. In 2011, the company realized an operating profit of 48,930,900 yuan, a total profit of 50,526,600 yuan, and a net profit of 44,455,400 yuan, a decrease of 28.93%, 28.91%, and 27.83% respectively over last year.
The decrease in operating results for 2011 compared with the same period of the previous year was mainly due to the substantial year-on-year increase in raw material prices and the increase in labor costs.
The decrease in operating results for 2011 compared with the same period of the previous year was mainly due to the substantial year-on-year increase in raw material prices and the increase in labor costs.
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