According to the latest three quarterly report released by Blonde Technology, the operating revenue of the first three quarters of 2017 was RMB16.586 billion (up 33%), a year-on-year increase. The net profit attributable to shareholders of the listed company was RMB488 million, representing a decrease of 25.76% from the same period of last year.
The third quarter (July to September) blond hair technology revenue 5.527 billion yuan, an increase of 21.9%; attributable to shareholders of listed companies net profit of 218 million yuan, an increase of 31.8%.
Revenue grew rapidly Raw material prices drag the overall net profit
Blonde Technology is a leading manufacturer of modified plastics in China. In the first three quarters of 2017, its total sales of various products reached 1.0185 million tons. The average selling price increased from last year and revenue increased significantly. At the same time, raw materials Price increases, and price increases over the price of the product price increases, resulting in a significant decline in gross margin gross margin, net profit fell significantly year on year.
Strong research and development of new materials
In terms of fully biodegradable plastics, Blonde has developed 40% bio-based materials in compliance with the French Decree, becoming the sole provider of such materials outside Europe and participated in Alibaba's Green Initiative and Jingdong's Clean Initiative 'In the special engineering plastics, Blonde Technology is building a new PA10T project with an annual output of 3,000 tons, is expected to put into operation in the second half of 2017, when the total annual output of high temperature nylon will reach 8,000 tons. The development of new materials project will be Blonde Technology Future performance brings growth point.
Overseas layout initial success
In the first half of 2017, Blonde India achieved sales of 22,500 tons, an increase of 33.94% over the same period of the previous year; the sales volume of American Blonde rose by 33% in the first half of the previous year; the production efficiency of Blonde Hair in Europe has been significantly raised and plans to raise funds to build a new production line. At present, The construction work is progressing smoothly and it is estimated that the production will be completed in December 2017, when the production capacity will reach 20,000 tons.
Blonde technology in the first three quarters of non-recurring gains and losses reached 205 million yuan, taking into account the third quarter of each product prices have risen year on year, the cost of the greatest impact on the period of stress will be, 2017-2019 is expected to gradually raise the level of science and technology profitability .