Ruian Wanjiang Auto Parts Co.,Ltd , https://www.wanjiangautoparts.com
From January to September 2011, Hainan Rubber Co., Ltd. achieved operating income of 7.361 billion yuan, an increase of 79.49% year-on-year, operating profit of 694 million yuan, an increase of 82.36% year-on-year, and net profit attributable to the parent company of 710 million yuan, an increase of 82.97% year-on-year. Earnings of 0.18 yuan. .
Among them, in the third quarter, the company achieved operating income of 3.056 billion yuan, an increase of 66.61%, an operating profit of 282 million yuan, an increase of 139.72%, a net profit of 289 million yuan attributable to the parent company, an increase of 151.87%, to achieve a return of 0.07 yuan per share .
Significant growth in operating income
The company's main natural rubber planting, processing and sales, is China's largest natural rubber production enterprises. During the reporting period, the company achieved a 89.9% year-on-year increase in sales, which was mainly due to the continuous increase in the prices of rubber products and the expansion of non-self-produced rubber products.
Gross profit has rebounded and cost control capability has been enhanced
In the report period, the company's gross profit margin was 11.32%, an increase of 0.89 percentage points from the same period of last year. The cost control capability was enhanced. The period cost rate was 6.41%, a year-on-year decrease of 3.49 percentage points. Among them, the sales expenses increased by 64.63% year-on-year; the administrative expenses increased by 22.65% year-on-year; the financial expenses increased by 41.44% year-on-year, mainly due to the repayment of loans.
Future company growth highlights
With connotative development, the sales volume of the company's rubber products is expected to continue to expand. It is expected that the sales volume in 2011 and 2012 is expected to reach 350,000 tons and 500,000 tons; the expansion will expand and the company will acquire a large number of local private rubber businesses. It is expected that its rubber processing capacity will reach 45 in 2012. 10,000 tons/year.