Sifangda: A quarterly newspaper publishing agency is optimistic about the long-term trend

Today, Sifangda released the 2011 quarterly report. Overall, on the one hand, although the company's profit level has declined slightly, on the other hand, the organization is actively increasing its holdings. Institutional holdings optimistic about the future development According to public information, the Quartet reached a quarterly increase of 3.6796 million yuan revenue year on year rate of increase of 17.15%, mainly due to revenue growth fast recovery and rapid development of the oil industry, wire industry, making Sales of related products achieved rapid growth. However, the company's net profit in the first quarter fell by 4,108,800 yuan. According to analysis by relevant industry insiders, the behind-the-scenes profit decline of Sifangda was due to the increase of sales and management expenses of RMB 492,330 due to the issuance of new shares, exceeding the decline in net profit. If these two items are restored, the profit will only drop slightly. After Sifangda was listed on February 15, 2011, the organization increased its shareholding by 6,235,200 shares, accounting for 38.97% of the 16 million shares outstanding. Five public fund products bought the company's shares, holding a total of 4,447,700 shares, including Penghua Fund. Its two products hold 1.8 million shares and are the largest shareholding institution of the fund. The company's share price has remained at 30-35 yuan since its listing, showing a box shock. The GEM index fell 6.44% during the same period. The company's stock price trend is far ahead of the index. The substantial increase in the organization's secondary market has also shown confidence in the company's future development and investment value. Adjusting the marketing strategy to promote the improvement of gross profit The company's quarterly report revealed that it has raised the price of some products, thus eliminating the impact of rising costs on the company to a certain extent. Later, with the completion of the commissioning of the company's equipment, production will continue to enter the track, new products will be put into production one after another, and the gross profit level will have better performance. In the future, the company will focus on increasing sales of high-margin products and focusing on effective production capacity on high-end products. These changes will support the company's gradual increase in gross profit. Adapting to the development trend Profitability can be expected The trend of China's manufacturing industry to upgrade to the high end is undoubted, followed by the replacement of traditional hard alloy materials by superhard materials. The Sifangda strategy of “extending from composite superhard materials to composite superhard materials” is consistent with the development trend of the industry. The expansion of development downstream is a potential growth point for the company. In 2010, the gross profit margin of the company's products was 41%, and its profitability was high. The future expansion space in this area is worth looking forward to. Stable industry leader has core competitiveness As a leading enterprise of domestic polycrystalline diamond and products, Sifangda is in the middle and lower reaches of the synthetic diamond industry chain. Other domestic diamond-listed companies such as the Yellow River Cyclone and Yu Diamond are still mainly made of synthetic diamonds, which are upstream. Although these enterprises are also involved in downstream products, there is still a gap between the technical level and profitability. For example, Xinya and Haimingrun only make oil tablets, and the products are relatively simple. Year-on-year, the company's strong R & D team and leading technology and technology constitute an indestructible technical barrier, enabling it to sit firmly in the composite superhard material industry. In view of the "fake" of the company's quarterly results, it may affect the company's short-term performance, but the long-term trend is still optimistic, investors are advised to buy on dips.  

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