Sinoma Technology recently disclosed the data of the three quarterly reports that the company's overall operating conditions in the first three quarters were good, and all major business indicators were better than the same period last year. As of the third quarter of 2017, the company realized a net profit attributable to shareholders of listed companies of RMB 591,972,300, an increase of 77.16% over the same period of the previous year. The net profit attributable to shareholders of listed companies was deducted from non-recurring gains and losses by RMB 572,728,800. The year-on-year growth was 173.70%. As of September 30, 2017, the company's total assets were RMB 2,232,447,800, an increase of 8.49% over the same period of the previous year. The net assets attributable to shareholders of listed companies was RMB 851,181,500, an increase of 6.59% over the same period of the previous year. Sinoma Technology said that the main reasons for the double growth of revenue and net profit in 2017 are as follows: The demand for glass fiber industry is strong. At the same time, with the completion of two new 100,000-ton production lines invested by the company and its stable operation, the manufacturing cost has been declining, the product structure advantage has been further highlighted, and the profitability has been continuously improved. Fiber is 536,000 tons; The wind power blade industry is affected by market demand, and the domestic wind power installed capacity is slowing down. However, the company actively adjusts the product structure and production capacity layout, focusing on the development of large models and low wind speed blades, further reducing the cost of large blade manufacturing, and increasing the market share. As of the end of the reporting period, the sales of wind turbine blades totaled 3,267 MW, which continued to be the first in the country and the leading position was stable; Through the integration of internal asset business, the gas cylinder industry retains the production capacity that matches the market demand. In 2017, the gas cylinder business was lightly loaded, effectively reducing operating costs and turning losses into profits. As of the end of the reporting period, the total sales of CNG cylinders was 119,000, compared with the previous year. In the same period, the growth rate was 21.9%, and the market share of the whole vehicle was further increased. At the same time, it was actively expanded to the business of natural gas storage and transportation, hydrogen storage bottles, etc., and has achieved small-volume sales; During the reporting period, the company's first production line of “240 million square meters of lithium battery separator production line project†has entered the trial production stage. The products have been sent to the main target customers for trial installation and testing, and the equipment installation of the other three production lines is actively carried out. debugging. Looking at the performance of the past five years and three quarters, Sinoma's revenue in the first three quarters of the past five years has maintained steady growth. The total revenue of the company has increased from 228,037,955,000 in 2013 to 723,059,870 yuan in 2017 . It has more than tripled. Net profit increased from 80,478,600 yuan in 2013 to 599,976,300 yuan in 2017, and the net profit in the five years has more than seven times. From the above picture, in the past five years, the growth rate of Sinoma Technology's revenue has not changed much; the increase in net profit has changed a lot. After high growth in 2015, it has grown steadily in 2016 and 2017. According to the performance data of this year's single season, in 2017, Sinoma's revenue and net profit increased the most in the first quarter, achieving 162.38% and 372.85% growth respectively, mainly due to the 2016 project investment revenue. After a small decline in the second quarter, the performance in the third quarter reached another growth. Overall, Sinoma's performance in the first three quarters was stable and the cost control capability continued to improve. It seized the opportunity of the development of new energy vehicles, positioned the high-end lithium battery separator market, and adopted the only wet two-way synchronous stretching in China. Law, the future lithium battery separator business will usher in the release period of capacity. On the evening of October 20, Sinoma Technology disclosed the annual results forecast. It is expected that the net profit attributable to shareholders of listed companies in 2017 will be 722,259,900 yuan - 880,273,300 yuan, an increase of 80%-120% over the same period of the previous year. Sinoma Technology said that in 2017, the overall operating conditions of the company's leading industries are good. It is expected that the 2017 annual results will increase significantly compared with the same period of the previous year. The main reasons are as follows: (1) The market demand for glass fiber industry is strong, and the investment projects for raising funds are put into production. Capacity expansion, cost reduction, and profitability improvement; (2) Wind power blade industry is affected by market demand, domestic wind power installed capacity slows down, the company actively adjusts product structure and capacity layout, focusing on developing large models and low wind speed blades to match market demand Shipments rose month by month, and the market share increased further, and the leading effect appeared. (3) In 2016, the gas cylinder industry adjusted its layout and capacity, completed the integration of internal assets business, and improved its operating performance. It is understood that Sinoma Technology is mainly engaged in the manufacture and sale of wind turbine blades, high pressure composite gas cylinders, high temperature filter materials, lithium battery separators and other composite materials. The market has always positioned Sinoma Technology as a supplier of wind power blades, and most wind power companies in the A-share market enjoy a lower valuation, less than 20 times. But in fact, Sinoma Science and Technology already in the lithium battery separator relevant layout. The Sinoma Technology Lithium Battery Diaphragm Investment Project has been put into production successively. The products have passed the verification of many well-known domestic battery manufacturers (Panasonic, ATL, BYD, which are large manufacturers with great demand), and entered the mass supply stage. Sinoma Technology has built three wet lithium membrane production lines with an annual production capacity of 27.2 million square meters. The products have passed customer testing and assembled battery verification, and the performance is superior. As early as March 2016, Sinoma Technology Co., Ltd. established an independent operation of Sinoma Lithium Film Co., Ltd. for the lithium battery separator industry, investing 930 million yuan to build a lithium battery separator production line project. Sinoma Technology is committed to building an annual output of 240 million square meters of lithium. The battery separator production line, the first article has entered the trial production, and in order to seize the market, the second phase will be changed to continue to cooperate with the large rubber and plastics using BT. At present, China's lithium battery industry has experienced explosive growth, and demand for medium and high-end lithium film products is strong, with a gross profit margin of 60%. Sinoma Technology said that the company's products have been certified by many mainstream battery manufacturers. With the release of production capacity, the company's lithium battery separator technology and scale have both potential and dark horse potential, and future development is worth looking forward to. Straw And Blender,Plastic Straw,Paper Straw,Plastic Blender Jiangsu Fantasy Packaging New Material Co., Ltd. , https://www.jiangsupack.com
