Dinglong Announces 2023 Performance Forecast

Dinglong Announces 2023 Performance Forecast

Dinglong Corporation recently unveiled its performance forecast for 2023, projecting a net profit decline of 35% to 45%, ranging from CNY￥ 215 million (US$ 29.87 million) to CNY￥ 254 million (US$ 35.29 million).

Within the reporting period, the company maintained its unwavering commitment to research and development, particularly in innovative semiconductor materials and new projects. Research and development expenses reached CNY￥ 392 million (US$ 54.46 million), representing a substantial 24% increase compared to the previous year. However, this intensified investment in research and development had a modest impact on the consolidated net profit, reducing it by approximately CNY￥ 64 million (US$ 8.89 million).

Additionally, the construction of the Xiantao Industrial Park had an adverse effect on consolidated net profit, decreasing it by around CNY￥ 35 million (US$ 4.86 million). Furthermore, the sales volume of the company’s CMP polishing pad business experienced a slight decline in the first half of the year. This is the result of weaker demand from downstream customers due to policy change.

Although the sales scale of CMP polishing slurries, cleaning fluids, and Qianjiang soft pads showed year-on-year growth, profitability in these areas has not yet been achieved. In addition, both the wafer photoresist and advanced packaging materials businesses exerted an inevitable impact on the net profit level, as they were still undergoing R&D and market expansion stages.

The revenue scale of the printing and copying consumables business remained stable with a slight decrease. However, the profitability of this segment was slightly lower than the same period last year, primarily due to a decline in market prices for certain consumable products.

Despite the projected decline in net profit, Dinglong Corporation remains steadfast in its commitment to innovation and continuous growth. The company will continue to navigate market challenges, optimize operational efficiency, and seek new opportunities to ensure long-term sustainable development.

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• Dinglong Group Expects Growth for 2022

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