From January to September, the company achieved revenue of 1.757 billion yuan, an increase of 37.62% over the same period last year, a net profit of 109 million yuan, an increase of 19.21%, and a non-return net profit of 92 million yuan, an increase of 36.54% over the same period last year.
The company expects the 17-year net profit to be 1.39-193 million yuan, an increase of 30.00% 80.00% over the same period last year. The expected increase in performance is due to the growth of the company's main business and investment income.
Brief comment
Revenue has increased steadily and profit margins have increased
The company achieved revenue of 671 million yuan in the third quarter, an increase of 38.80% over the same period last year, and a net profit of 54 million yuan, an increase of 54.44% over the same period last year. Sales of electronic products, wire and cable products have increased, and revenue has increased steadily. The gross profit margin of sales in the third quarter was 28.06%, 3.02 percentage points lower than that of the second quarter, and the net profit margin of sales was 8.24%, an increase of 1.8 percentage points over the second quarter.
Once again won the bid for the nuclear power project, highlighting the top strength of the industry
The company won the bid for Class K1 cable terminal heat-shrinkable casing equipment project of Unit 1 and Unit 2 of Zhangzhou Nuclear Power Plant, with an estimated amount of more than 7 million yuan. It is another order in the nuclear power industry after the company won the bid for the Pakistan Karachi K-2/K-3 (Hualong No.1) nuclear power plant project. Aiming at Hualong No.1, the company independently developed 1E class K1 cable terminal heat shrinkable casing products, which is the only manufacturer that has passed all the testing projects so far. Follow-up nuclear power projects will enjoy nuclear power dividends.
Invest in the industrial base to enhance the core competitiveness
The company plans to invest 300 million yuan to build a high-tech material industry base in Shuikou Town, Huicheng District, Huizhou City. Promoting the rational regional layout of the company's production base will help to enhance the company's core competitiveness. Actively expand new business in the field of new materials business to promote the long-term and stable development of the company.
Strong scientific research strength and independent intellectual property rights
The company has 515 authorized patents and is a national high-tech enterprise. The company is committed to the research and development of new materials, new products and the improvement of new processes, and participates in a number of major innovation projects.
And control the cost, start with the raw materials of the product industry chain, improve the product quality and reduce the product cost. Through wind power projects, enhance the ability of innovation, extend the industrial chain, enhance the overall competitiveness.
It is estimated that in 2017-19, the EPS of the company will be 0.14,0.20,0.25 yuan respectively, and the corresponding PE will be 45,32,25 times respectively.
Risk Tips:
(1) the progress or income of the project falls short of expectations. (2) the investment falls short of expectations.