Hubei Dinglong reports income increase
October 27, 2022
In the first three quarters of 2022, the company achieved operating income of ¥1.955 billion ($270.46 million/ €269.16 million), a year-on-year increase of 18.42% and realised a net profit attributable to shareholders of the listed company of ¥294.77 million ($41.2 million/ €40.99 million), a year-on-year increase of 95.74%.
Hubei Dinglong said in its report that profits increased significantly with the growth of revenue. The overall profit of the consumables segment increased significantly year-on-year due to the increase in revenue.
The company said it continues to increase investment in research and development, expand the product layout of the semiconductor material business, and promote the development of new products for printing and copying consumables chips and other consumables.
In the third quarter, the company invested ¥220.13 million ($30.4 million/ €30.3 million) in research and development, a year-on-year increase of 25.43%.
In the first three quarters, the company’s printing and copying consumables segment achieved an overall operating income of ¥1.565 billion ($215 million/ €214 million) and the profit level achieved a significant year-on-year increase, Hubei Dinglong said.
The company’s colour toner powder continued to maintain its position in the industry, of which operating income, production and sales both increased by more than 50% year-on-year, setting a new historical record for the same period in recent years.
In the first three quarters, the sales volume and operating income of toner cartridges increased by 22% and 33% year-on-year, respectively.
Categories : City News
