On the 27th, the Company released its 2017 annual report. During the reporting period, it achieved an operating income of 3.4 billion yuan, an increase of 30.52% over the same period of last year and a net profit of 256 million yuan, an increase of 128.01% over the same period of the previous year.
Chemical industry continues to improve, military performance exceeded expectations 27, the company released 2017 annual report, the reporting period to achieve revenue 3.4 billion yuan, up 30.52%, net profit of 256 million yuan to return home, an increase of 128.01%.
Among them, the chemical business achieved revenue of 3.138 billion yuan, accounting for 97.56% of the total revenue. The military business achieved a revenue of 83 million yuan, accounting for 2.44% of the total.
Affected by the national policies, the chemical industry continued to improve. The sales price of the Company's chemical products increased over the same period of last year. The Company seized the market opportunities and flexibly adjusted its product sales strategy and raw material procurement strategy. At the same time, the Company strictly controlled the investment and reinvested the technology and controlled During the reporting period, the company's main product, caustic soda, completed 438,600 tons, the super-year plan of 1.29% and the output of 99.67% of the same period of last year. The production of propylene oxide reached 126,600 tons, the output was last year The same period of 100.24%; polyether completed 97,200 tons, the output of 110.06% over the same period last year.
During the reporting period, the Company completed the acquisition of two military industrial enterprises, Changsha Shaoguang and WEC Electronics, respectively in the field of military chips and integrated circuits. The two military enterprises completed share equity changes in the fourth quarter of 2017 and exceeded their performance commitments by a substantial increase in listed companies Consolidated profits. Military business Since December 2017 consolidated statement, Changsha Shaoguang's performance in 2017 promised a net profit of 69 million yuan, an actual net profit of 73.71 million yuan, outstanding performance of 4.71 million yuan, exceeding the 6.83% completion; WEC Electronics 2017 Performance of the net profit of 36 million yuan commitment, the actual net profit of 37.8 million yuan, 1.8 million outstanding performance commitment, exceeding the 5%.
'Chemical + military' double-wheel drive, a quarter of the results continue to pre-January 29, the company released 2018 first-quarter results pre-announcement, is expected to achieve return net profit of 105 million -120 million, an increase of 259% 311%, the basic earnings per share is estimated 0.15-0.17 yuan. In the first quarter of 2018, due to the continued impact of the state's macroeconomic situation, the chemical industry main business maintained a high degree of prosperity, the sales price of chemical products rose sharply over the same period of last year, At the same time, the Company optimized its internal management and further improved its management efficiency. The profit of the chemical segment is expected to increase by 225% -269%. The profitability of the military segment also increased substantially by 110% -152% over the same period of last year.