[new Fengming: first quarter net profit fell 33.47% compared with the same period last year] Xinfengming announced that operating income in the first quarter was 12.509 billion yuan, an increase of 17.99% over the same period last year; net profit was 189 million yuan, down 33.47% from the same period last year; and basic earnings per share was 0.13 yuan. During the reporting period, the product price gap narrowed due to the fluctuation of crude oil prices, as well as the economic downturn and cycles. The company also announced that it intends to terminate the project with an annual production capacity of 150000 tons of surfactants and 100000 tons of spinning finishes.