Zhongbing Red Arrow’s net profit in 2018 is up to 320 million yuan, an increase of 154%.
On January 29, Zhongbing Red Arrow (000519) recently released its 2018 performance forecast. The net profit is expected to reach 320 million yuan, an increase of 153.95% over the same period of the previous year.
According to the announcement, from January 1, 2018 to December 31, 2018, the net profit attributable to shareholders of listed companies was 250 million yuan - 320 million yuan, an increase of 98.40% - 153.95% over the same period of the previous year.
It is understood that in terms of civilian products: During the reporting period, the company actively followed the market demand dynamics of super-hard materials products. On the one hand, it adapted to market demand and adjusted production structure in a timely manner. On the other hand, it carefully analyzed its own advantages and characteristics, adjusted its business strategy, and insisted on Leading technology, and systematically streamline lean management through continuous full value chain, reasonably reduce non-essential cost expenses and improve the overall operating efficiency of the company.
Military products: During the reporting period, the company actively coordinated with relevant units, increased orders for military products, and coordinated production arrangements for military products. Under the premise of ensuring product quality, the company ensured that all types of products were delivered on time and increased the company's operating efficiency.
According to China Superhard Materials Network, the main business of Zhongbing Red Arrow consists of three sectors: military product business segment, super-hard material segment, special-purpose vehicle and auto parts.
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