Company's main business analysis
The company's main business is the production and sales of diamond tools, small construction machinery and alloy tools. The leading products include diamond circular saw blades, diamond engineering thin-wall drill bits, diamond grinding discs, diamond soft grinding discs and other diamond tools, concrete drilling machines and table tops. Small construction tools such as cutting machines and pavement cutting machines, and carbide tools. At present, the company has an annual production capacity of 10 million diamond tools, 70,000 sets of small construction machines and 800,000 pieces of hard alloy tools. Among them, the diamond tool is the company's most important product, and its revenue has always accounted for more than 80% of the company's total revenue. The operating gross profit generated by it has always accounted for about 90% of the company's total operating gross profit.
Diamond tools are the company's leading products, including diamond circular saw blades, diamond engineering thin-wall drill bits, diamond grinding discs, diamond soft grinding discs, etc. At present, the company has 8.5 million pieces of diamond circular saw blades, 680,000 pieces of diamond engineering thin-walled drill bits and 1 million pieces of diamond grinding discs.
In the first half of the year, the company achieved operating income of 164 million yuan, a year-on-year decrease of 18.12%. Since there is no year-on-year data for the first half of last year, we have reduced the diamond tool business by 21.3% compared with last year, compared with last year. Compared with last year, the diamond tool business was basically flat, and the alloy tools were basically flat and the alloy tools increased by 21.09%. We expect that the trend of each business is basically consistent with the actual situation. The decline in revenue in the first half of the year was mainly due to the decline in exports of leading products.
Gross profit margin continues to increase
From 2006 to 2008 and the first half of this year, the company's comprehensive gross profit margin was 30.89%, 33.64%, 32.34% and 34.77% respectively. Compared with last year, the gross profit margin in the first half of this year increased by 2.43 percentage points. From the perspective of the main product structure, although the gross profit margin of the small construction machinery business and the alloy tool business is temporarily lower than the company's comprehensive gross profit margin, the diamond tool business, which accounts for more than 80% of the company's operating income and more than 90% of its operating margin, has been Maintain a high level of gross profit margin. Among them, the leading product diamond saw blade, the gross profit margin of the last three years and another period are 34.42%, 36.24%, 35.17% and 38.79%, respectively, which are 3.53%, 2.60%, 2.83% and 4.02% higher than the company's comprehensive gross profit margin. .
Conduit Upvc Pipe
Upvc Conduit,Conduit Upvc Tube,Conduit Upvc Pipe,Orange Conduit Upvc Pipe
Zhejiang Huangyan Minghua Plastic Pipe Fitting CO.,LTD , https://www.pipefitting-mh.com