Abstract The company's third-quarter results have declined, and it is in the process of bottoming out. The company's accumulated revenue in the first three quarters was 390 million yuan, a year-on-year decrease of 5.2%. The net interest rate was 83.45 million yuan, equivalent to 0.137 yuan per share, a decrease of 23.6% year-on-year, and a return on net assets of 6.1%.
The company's third-quarter results have declined, in the process of bottoming out. The company's accumulated revenue in the first three quarters was 390 million yuan, down 5.2% year-on-year. The net interest rate was 83.45 million yuan, equivalent to 0.137 yuan per share, down 23.6% year-on-year. The return on net assets was 6.1%, down 2.4% year-on-year. The income was 120 million yuan, a decrease of 10% year-on-year. The net profit attributable to the company was 21.03 million yuan, equivalent to 0.035 yuan per share, a decrease of 43.6% year-on-year. The industry in which the company is located is closely related to factors such as downstream infrastructure and fixed asset investment. The macroeconomic fluctuations have a certain impact on the industry in which the company is located. In recent years, due to the rapid expansion of the artificial diamond industry, competition has become fierce and the excess profit margin has declined. The combination of the two factors has led to a decline in the company's profit margin and profitability this year, and its performance is in the process of bottoming out. It is expected that with the gradual clarification of the domestic synthetic diamond industry competition pattern and the company's new fund-raising capacity, the company's performance will rebound significantly.
In the future, the pattern of domestic diamond oligopoly will gradually become clear. At present, China has assembled 90% of the world's synthetic diamond production capacity, while the domestic Central South (6 billion carat capacity), the Yellow River (2.5 billion carat capacity) and Huajing (2 billion carats) have concentrated about 80% of production capacity, which is typical. The oligopolistic competition pattern. In recent years, the scale of the top three manufacturers has continued to expand, the scale effect has gradually increased, and industrial barriers have gradually increased. The industry competition pattern has gradually formed a three-pronged trend. This pattern is conducive to the exclusion of potential newcomers, the stability of the existing competitors' industry status, and the formation of a stable price default alliance.
We look forward to the company's new fundraising project capacity to boost the company's performance. During the reporting period, the company's annual output of 1.02 billion carats of high-grade diamond projects, synthetic diamond micropowder, large single crystal, micron diamond line projects are gradually progressing. With the further implementation of the project, the company will continue to improve the artificial diamond industry chain, the company's profit The ability will be fully improved.
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JIANGMEN MOSCOT OPTOELECTRONIC TECHNOLOGY CO.,LTD. , https://www.jmsensorsled.com