Sifangda: High growth in the export of petroleum composite tablets

Abstract Sifangda released the 2015 first quarter report. During the reporting period, the company achieved operating income of RMB 47 million, a year-on-year increase of 36.73%; operating cost of RMB 24 million, an increase of 23.05%; and net profit attributable to owners of the parent company of RMB 0.12 billion. ..
Sifangda released its 2015 first quarter report. During the reporting period, the company achieved operating income of RMB 47 million, a year-on-year increase of 36.73%; operating cost of RMB 24 million, an increase of 23.05%; and net profit attributable to owners of the parent company of RMB 12 million, 1 The quarterly EPS was 0.03 yuan, an increase of 47.97% year-on-year and a 54.55% quarter-on-quarter increase.

The export of petroleum composite sheets was high, and the performance in the first quarter was significantly improved: overseas oil and gas exploration companies paid more attention to cost control when crude oil prices continued to be low, thus enhancing their power to replace low-cost suppliers. Benefiting from this, the company's profitability of the oil-based export of composite sheet products has shown a growth trend since the second half of 2014 and continued into the first quarter of this year. The company announced that the export revenue of petroleum flakes increased by RMB 14 million in the first quarter, which led to a year-on-year increase in consolidated operating income of 23.05%, an increase of RMB 13 million. At the same time, the high revenue growth of high gross margin products also drove the company's comprehensive gross profit margin in the first quarter to increase by 5.59 percentage points year-on-year. In the end, the company's 1Q results improved significantly year-on-year.

On a quarter-on-quarter basis, the company's revenue fell by 25.56%, but the company's net profit continued to increase by 54.55% from the impact of the asset impairment loss of RMB 60 million and the company's active cost reduction and efficiency reduction.

Breakthrough in the main business in 2015: The company's main business has gradually broken through, especially in the international oil film market expansion, and mainly based on the following two points, the company's oil film performance will continue to increase significantly: 1) continuous technology Progress and customer development have enabled the company to have internationally advanced technology and have good past performance, creating conditions for the company to break down brand barriers; 2) The decline in crude oil prices has forced downstream customers to pay more attention to cost control and enhance their power to replace low-cost suppliers. This will make the company's cost advantage stand out, and once it enters the international supply chain, the subsequent performance development will usher in rapid development. In addition, although Zhengzhou Huayuan has not yet contributed its performance due to unsatisfactory management, considering the market sentiment and the company's leading advantages, with the management system gradually rationalized, it will contribute important achievements to the company in the later stage.

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Yibin Tianyuan Group , https://www.ybtyco.com

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