The company's operations resumed growth and the project progressed steadily and orderly.
On October 26, 2011, Sifangda released its third-quarter results announcement. The report showed that from January to September 2011, the company realized operating income of 80.212 million yuan, up 3.47% year-on-year; realized net profit of 271.517 million yuan, up 1.66% year-on-year. ; From the point of view of specific products, the composite sheets for mining and diamond-drawing blanks in super-hard composite materials grew rapidly, up 45.67% and 23.70% respectively. The existing customers of petroleum composite sheets fell in the first half of the year, resulting in purchases. The decline has now stopped falling.
With the gradual opening of the company's newly developed high-end products in the US market, sales orders increased rapidly, and the US market increased by 270% year-on-year. As the manufacturing process improved, the utilization rate of diamond raw materials decreased, and the gross profit margin rebounded rapidly, from 44.33% in the first quarter to 48.12% in the third quarter. The increase in revenue indicates that the product is more competitive.
The company's raw material diamond prices have shown a significant downward trend since July this year, which is in line with the company's forecast at the 2010 annual performance online briefing. The decline in diamond prices is very beneficial to the company's cost control.
As of the third quarter of 2011, the company's fund-raising projects “high-tech industrialization project of composite super-hard materials†and “composite super-hard material products project†progressed smoothly, and “research and development center for composite super-hard materials and products†has begun to implement. The company has invested 98.106 million yuan in the above-mentioned fundraising projects, and the realized benefits reached 17.21 million yuan. The market expects the super-raised funds project to progress very smoothly. The third quarterly report shows that the “PCD/PCBN composite sheet industrialization project for metal cutting†plans to use funds of 9,029,400 yuan. “Pit mining and DTH drill bit industrialization project for mining ", plans to use funds 13231.07 million. The environmental impact assessment and filing of the project are currently underway and it is expected to be officially started around the end of the year.
Multi-policy supports the company's long-term development
In August, Henan Province’s “Implementation Plan for Promoting the Rise of the Central Region of Henan Province†showed that Henan Province has made superhard materials development one of the key points. In September, the “12th Five-Year Development Plan for New Materials Industry†was officially released and implemented. Superhard materials will be regarded as a strategic emerging industry in the future. Supported by relevant national policies, the industry will gradually grow from large to strong and develop rapidly. . In October, the government departments issued guidance to support Henan to accelerate the construction of the Central Plains economic zone, which means that the construction of the Central Plains economic zone has been upgraded to a national strategy. The successive introduction of these policies will benefit the long-term development of the company and its composite super-hard materials, and guarantee the prospect of the company's leap-forward development from the policy.
The company benefits from the industry's double substitution effect
China's manufacturing industry is upgrading to the high end. For the sub-sector of super-hard materials, the historical opportunity lies in the replacement of traditional cemented carbide materials and industrial transfer.
Composite superhard materials are the "teeth" of the industry, benefiting from the development of the national economy, and are widely used in traditional and high-tech fields. At the same time, the composite superhard material overcomes the shortcomings of single crystal diamond on the basis of maintaining the performance of single crystal superhard material. It has excellent performance of single crystal superhard material, large size, easy processing, isotropic, etc. Some of the superior properties of single-crystal superhard materials and some excellent properties in manufacturing are far superior to single-crystal superhard materials and can replace hard alloys in almost all fields.
With the continuous improvement of domestic composite superhard material technology and technology, composite superhard materials also have a vast space to replace similar imported products from abroad. It is believed that in the next 5 to 10 years, the production of composite super-hard materials will be gradually transferred from China to developed countries. Domestic composite super-hard material manufacturers will inevitably benefit from it, and the company will not be an exception.
璀璨 ç ç will eventually dazzle to believe that the future will be better
Taking into account the historical opportunities of the company's industry, relying on its own technology leadership, product advantages and other favorable conditions, with the successful launch of new investment projects, the implementation of super-raising projects, favorable development opportunities came into being, the company will welcome To grow more space, it will eventually become a bright pearl standing at the high end of the composite superhard material industry chain.
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