Hubei Dinglong releases third quarter
October 27, 2023
The company’s operating income was basically the same as the same period last year.
Hubei Dinglong reported that during the reporting period, the net profit attributable to shareholders of the listed company was ¥176 million ($1.17 million/ €1.11 million), a decrease of 40.21% compared with the same period last year.
The company’s operating income was basically the same as the same period last year. Operating income was ¥713 million ($4.75 million/ €4.5 milllion), a year-on-year increase of 11%.
The main reasons for the year-on-year change in quarterly operating results were named as
- The profits of the company’s high-margin upstream products of CMP polishing pads and consumables were affected by the decline in sales revenue.
- The company continues to increase its R&D investment in new semiconductor innovative materials projects. During the reporting period, the R&D investment amount was ¥277 million ($1.85 million/ €1.75 million), a year-on-year increase of 27%,
- Due to the increase in bank loan interest expenses due to the construction of the Company’s Xiantao Industrial Park and the impact of foreign exchange
The printing and copying consumables business achieved sales revenue (excluding chips) of ¥1.287 billion ($8.58 million/ €8.12 million) in the first three quarters of this year, a year-on-year decrease of 9%.
Hubei explained: “During the reporting period, the cost reduction and efficiency increase of the finished toner cartridges were significant, and profits increased year-on-year; Cooperation with leading e-commerce companies continued to deepen, and the cooperation amount increased year-on-year. The sales volume of toner cartridges and ink cartridges increased compared with the second quarter.”
Categories : City News
