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Yongsheng advanced materials achieves good result in the third quarter again

Source:Yongsheng advanced materials Time:2015-12-16 Click:584

    Yongsheng advanced materials (Stock code number: 3608.HK) and subordinate company (general designation "this group") on November 26 announced this group by September 30, 2015 the third quarter without the finance and the service renewal material verification.

    This group records do business continually (polyester fiber filament production, dyeing and processing and polyester fiber filament trade) income makes the Renminbi 368,000,000 Yuan, will rise 7.2% compared with 2014 yearly, the gross profit will make the Renminbi 102,000,000 Yuan, will dramatically increase approximately 28.9% compared with 2014 same time. In this group anticipated review time the ownership shareholder net profit year increases over 30%.

    In the third quarter of this year, the market demand of this group product is continually exuberant, particularly the market performance of top grade polyester fiber filament is strong; Market overall raw material price falls to cause the average selling price to fall, the certain extent has limited the growth rate of income. In addition, this group toward the high-quality and direction conversation update of high-tech and high benefit, is developing the polyester fiber filament production and dyeing dedicated and processes the service plates of two high increment and high gross profit, strategical reduces the low gross profit branch polyester fiber filament volume of trade proportion, to promote group overall product gross profit.

    In the review time, the ratio of margin in 2014 same time approximately 18.4% increase to approximately 22.1%, because mainly this group polyester fiber filament production branch raw materials price generally drops, has reduced to the production cost. The ratio of margin of dyeing and processing branch placed approximately 38.2% relative top digit levels, the main reason had some economies of scale effect and in the workshop transport business reduced the production cost because of energy-efficient and water cycle measure certain extent.

    Yongsheng advanced materials president and executive director Mr. Li Cheng said: "This group after the first half of the year reorganization service construction, develops the ratio of margin high differentiated product dedicated, and successful realizes the profit to continue the considerable increase in the third quarter. In the fourth quarter of 2015, this group in "Nantong Yongsheng" in workshop the foundation of capacity comprehensive release, the additional construction will set up three differentiated polyester fiber filament production lines; Meanwhile, Hangzhou "the Yongsheng chemical fiber" workshop also constructed a dedicated production differentiated polyester fiber filament new workshop, the capital construction has completed in July, 2015, it is expected that the production line will go into production in 2016, further increased the differentiated polyester fiber filament annual production energy. This group will continue to focus on developing the high gross profit product, besides existing polyester fiber filament product service and dyeing and processing service, will increase effort investment emerging 3D to print the new material producer research and development, needs to prepare to greet the Chinese high added value industry the high-speed development opportunity.

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