According to the Xiamen Tungsten Industry Disclosure Report, due to shrinking market demand and falling gross profit margin, the company's net profit for the first half of the year decreased by 81% year-on-year, exceeding the decline of operating income of 49% over the same period, and earnings per share was 0.02 yuan.
According to the mid-year report, the company achieved consolidated operating income of 1.085 billion yuan in the first half of the year, a decrease of 48.52% over the same period of the previous year; the consolidated net profit attributable to shareholders of listed companies was 13.92 million yuan, a decrease of 81.48% over the same period of the previous year. Mainly because the market demand has shrunk severely and competition in the same industry has intensified, resulting in a huge reduction in profit margins. During the reporting period, the gross profit margin of the company's energy new materials business decreased by 7.53 percentage points year-on-year.
During the reporting period, the net cash flow generated by the company's operating activities was 335 million yuan. Due to the better real estate pre-sales projects, the net cash flow generated by the real estate company's operating activities was 457 million yuan, while the cash flow generated by other production enterprises' operating activities. Net amount is -120 million yuan
According to the mid-year report, the company achieved consolidated operating income of 1.085 billion yuan in the first half of the year, a decrease of 48.52% over the same period of the previous year; the consolidated net profit attributable to shareholders of listed companies was 13.92 million yuan, a decrease of 81.48% over the same period of the previous year. Mainly because the market demand has shrunk severely and competition in the same industry has intensified, resulting in a huge reduction in profit margins. During the reporting period, the gross profit margin of the company's energy new materials business decreased by 7.53 percentage points year-on-year.
During the reporting period, the net cash flow generated by the company's operating activities was 335 million yuan. Due to the better real estate pre-sales projects, the net cash flow generated by the real estate company's operating activities was 457 million yuan, while the cash flow generated by other production enterprises' operating activities. Net amount is -120 million yuan
Stainless Steel Railing project
Foshan City, Nanhai District Huidexing Stainless Steel Products LTD., , https://www.huidexing.net