During the reporting period, Sifangda's revenue increased by 19.89%, of which, foreign sales revenue increased by 31.68% year-on-year, and domestic sales revenue increased by 9.37% year-on-year. This shows that the company's strategy of expanding the mid- to high-end oil film market has achieved initial results; despite rising labor costs, The increase in depreciation expenses due to the investment in new plants and equipment led to a decrease of 5.18 percentage points in overall gross profit margin. However, the company's operating profit increased by 2.01% year-on-year, indicating that the company's investment project efficiency was gradually released. At the same time, the company's research and development expenses accounted for operating income. Up to 9.02%.
The annual report shows that the high-tech industrialization project of composite super-hard materials in the Sifangda fund-raising project has been completed, with a total realized benefit of 14.4452 million yuan; the investment progress of composite super-hard materials products is 71.39%, and the accumulated realized benefits are 3,341,100 yuan. The company has adjusted the investment progress of “PCD/PCBN composite sheet industrialization project for metal cutting†and “polycrystalline diamond composite sheet (PDC) pick and drill bit projectâ€. At present, the above two projects are undergoing sales strategy formulation and sales. Channel construction work.
It is worth noting that the Sifangda Annual Report mentioned that in September last year, many institutional investors including CIC Securities, Guosen Securities, Northeast Securities, Southern Fund, and Da Mo Hua Xin Fund conducted on-the-spot investigations on the company. For the company's current situation, the progress of fundraising projects, the development of high-end oil film market, the impact of shale gas concept on the company. Interestingly, Sifangda's share price has been four consecutive daily limits due to the shale gas concept in September last year.
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