Many projects entered the production period, and the profit scale went up. 08-09 is the peak period of the company's project investment, this year is the first year of harvest results. Expansion projects such as refractory materials, diamond tools, flux-cored wire and hydrogen storage alloys were completed and put into production at the end of 2009. 40,000 tons of amorphous ribbons were fully put into operation in April this year. The company's revenue and profitability in the first half of the year increased by 37% and 51 respectively. %. The income and gross profit of superhard and refractory materials increased by 71% and 148% respectively; functional materials increased by 61% and 111% respectively, which was the main source of performance growth.
1. Super hard and refractory material plates.
In the first half of the year, the gross profit contribution of super hard and refractory materials was 46.71%, an increase of 18 percentage points year-on-year; the gross profit margin was 19.64%, an increase of 6.08 percentage points year-on-year, which was the fastest-growing performance in the first half of the year. The core products of superhard and refractory materials are high speed tool steels, diamond tools and refractory materials. After the high-speed tool steel business reached a trough in the first quarter of last year, its performance rebounded rapidly. It has been in full production in the first half of this year, with revenue of 363 million yuan, a year-on-year increase of 71.79%. The 40,000-ton high-speed steel expansion project was completed and put into operation in July this year, which means that the second half of the year will still have a good performance.
The total capacity of diamond tools expanded to 8.2 million units at the end of 2009, and this year began to release new production. More importantly, diamond tools are mainly used for export. In 2009, the United States imposed anti-dumping duties on diamond saw blades originating in China and South Korea. The Chinese tax rate is only 2.82%, and the Korean tax rate is 20-30%. China's overseas market share. Not falling and rising, the income reached 125 million yuan, an increase of 63.43%. The refractory material is a company with strong profitability. The gross profit margin is over 40%. At the end of 2009, the production capacity has been expanded to 440 tons. We estimate that the first half of the year has also achieved growth.
2. Functional material plate functional material plate.
The growth in performance was mainly due to the commissioning of 40,000 tons of amorphous strip project, with a production of more than 4,000 tons in the first half of the year and a target of 13,500 tons this year. At present, the key issue lies in the development of the downstream market. The company has carried out a large number of adaptive development work, and has established cooperative relations with a number of amorphous transformer production plants. It is expected that sales will be further opened in the second half of the year.
The rare earth permanent magnet material (NdFeB) is also a key functional material developed by the company. At present, the company's high-performance NdFeB production capacity is 1200-1300 tons. The “high-end application of new NdFeB production line project†has entered the equipment procurement stage, adding capacity. 1000 tons, we expect to be completed and put into production by the end of 2011.
1. Super hard and refractory material plates.
In the first half of the year, the gross profit contribution of super hard and refractory materials was 46.71%, an increase of 18 percentage points year-on-year; the gross profit margin was 19.64%, an increase of 6.08 percentage points year-on-year, which was the fastest-growing performance in the first half of the year. The core products of superhard and refractory materials are high speed tool steels, diamond tools and refractory materials. After the high-speed tool steel business reached a trough in the first quarter of last year, its performance rebounded rapidly. It has been in full production in the first half of this year, with revenue of 363 million yuan, a year-on-year increase of 71.79%. The 40,000-ton high-speed steel expansion project was completed and put into operation in July this year, which means that the second half of the year will still have a good performance.
The total capacity of diamond tools expanded to 8.2 million units at the end of 2009, and this year began to release new production. More importantly, diamond tools are mainly used for export. In 2009, the United States imposed anti-dumping duties on diamond saw blades originating in China and South Korea. The Chinese tax rate is only 2.82%, and the Korean tax rate is 20-30%. China's overseas market share. Not falling and rising, the income reached 125 million yuan, an increase of 63.43%. The refractory material is a company with strong profitability. The gross profit margin is over 40%. At the end of 2009, the production capacity has been expanded to 440 tons. We estimate that the first half of the year has also achieved growth.
2. Functional material plate functional material plate.
The growth in performance was mainly due to the commissioning of 40,000 tons of amorphous strip project, with a production of more than 4,000 tons in the first half of the year and a target of 13,500 tons this year. At present, the key issue lies in the development of the downstream market. The company has carried out a large number of adaptive development work, and has established cooperative relations with a number of amorphous transformer production plants. It is expected that sales will be further opened in the second half of the year.
The rare earth permanent magnet material (NdFeB) is also a key functional material developed by the company. At present, the company's high-performance NdFeB production capacity is 1200-1300 tons. The “high-end application of new NdFeB production line project†has entered the equipment procurement stage, adding capacity. 1000 tons, we expect to be completed and put into production by the end of 2011.
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