Dinglong Group Boasts Massive Profit Growth
According to their online report in Chinese, Dinglong sharted its third quarter report revealing growth in revenue and profits.
The report, released on October 26, stated its single-quarter operating income in Q3, was 643 million yuan (US$88.8 million), a year-on-year increase of 15.85%. The net profit attributable to the listed company was 100 million yuan (US$13.82 million), a year-on-year increase of 69.49%;
The non-net profit attributable to the listed company was 95.0985 million yuan (US$13.1 million), a year-on-year increase of 74.60%. In the first three quarters, the company achieved an operating income of 1.955 billion yuan (US$270.1 million), a year-on-year increase of 18.42%; realized a net profit of 295 million yuan (US$40.7 million) attributable to shareholders of listed companies, a year-on-year increase of 95.74%; realized a net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses. The profit was 269 million yuan (US$37.1 million), a year-on-year increase of 80.06%.
According to Dinglong, the main reasons affecting the change in net profit are: the profit of the CMP polishing pad business in the new business segment increased significantly with the increase in revenue, and the overall profit of the consumables segment was affected by the increase in revenue, product gross profit and exchange rate changes. A significant year-on-year increase.
In the first three quarters, the operating income of the semiconductor material business accounted for 20% of the company’s total revenue. Specifically, in the semiconductor material sector, the CMP polishing pad business achieved a cumulative product sales revenue of 357 million yuan in the first three quarters, a year-on-year increase of 84.97%.
The cleaning solution products after CMP of the copper process continue to obtain orders steadily, and the cleaning solution products after polishing in other processes have received good feedback from clients. According to the customized requirements put forward by customers, they can respond quickly and develop new products and send samples to the clients for testing.
In terms of advanced packaging materials for semiconductors, the layout of new products for advanced packaging materials is advancing as planned, and we strive to obtain mass production orders in the first quarter of 2023. The pilot and mass production lines are under construction and are expected to be completed by the end of the year. The encapsulation photoresist (PSPI) has completed the formulation and synthesis process development of the host resin, and plans to start sending samples to clients for testing in the fourth quarter.
In terms of semiconductor display materials, Rouxian achieved a total of 23 million yuan in product sales revenue in the first three quarters, a year-on-year increase of 615.05%; of which, the single-quarter product sales revenue in the third quarter was 10.75 million yuan, an increase of 107.90% compared with the second quarter. Compared with the third quarter, the fourth quarter is expected to accelerate the double-level rapid growth.
In addition, the overall profitability of the consumables business improved. In the first three quarters, the company’s printing and copying general consumables segment achieved an overall operating income of 1.565 billion yuan, and the profit level increased year-on-year.
The company said it continues to increase investment in research and development, expand the product layout of the semiconductor material business, and promote the development of new products for printing and copying consumables chips and other consumables.
In the third quarter, the company invested ¥220.13 million ($30.4 million) in research and development, a year-on-year increase of 25.43%.
In the first three quarters, the company claimed its printing and copying consumables segment achieved an overall operating income of ¥1.565 billion ($216.2 million) and the profit level achieved a significant year-on-year increase.
The company’s colour toner powder continued to maintain its position in the industry, of which operating income, production and sales both increased by more than 50% year-on-year, setting a new historical record for the same period in recent years.
In the first three quarters, the sales volume and operating income of toner cartridges increased by 22% and 33% year-on-year, respectively.
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