Digging for shellfish nets October 31,Dingsheng New Materials The report for the third quarter of 2020 was released. The announcement showed that from January to September 2020, revenue was 8,998,602,036.41 yuan, an increase of 7.76% over the previous year; net profit loss attributable to shareholders of listed companies was 11,945,999.61 yuan, which changed from profit to loss over the same period last year.

As of the end of the reporting period, Dingsheng New Materials had net assets of 3,807,029,119.21 yuan attributable to shareholders of listed companies, down 1.8% from the end of the previous year; net cash flow from operating activities was 33,995,151.61 yuan, compared to -250,614,039.12 yuan in the same period last year.

According to the announcement, R&D expenses increased 590.09% year on year; the main reason for the increase in the current period compared to the same period last year was due to increased investment in R&D projects. Financial expenses increased by 311.71% year over year; the main reason for the increase in the current period compared to the same period last year was due to increased interest on loans.

According to data from Gaobei.com, the main business of Dingsheng New Materials is the R&D, production and sales of aluminum sheets and foils. The main products are air conditioning foil, single zero foil, double zero foil, aluminum strip, new energy battery foil, etc. The products are widely used in various fields such as green packaging, household appliances, lithium batteries, transportation, and building decoration.