ZTT optical cable needs to grow to look forward to
4 22, the company released a quarterly report: Basic earnings per share were 0.286 yuan, 0.286 yuan per share diluted earnings per share (net) 0.276 yuan, 5.43 yuan per share, net assets, return on net assets 5.26% , the weighted average yield of 5.4% of net assets, after deducting non-recurring net profit of 88,577,788.74 yuan profit and loss, revenue 818,142,989.1 yuan, net profit attributable to parent company owners 91,647,347.06 yuan, attributable to equity shareholders of the parent 1,741,119,488.98 yuan.
Comments A quarter to achieve operating revenue 818 million yuan, an increase of 16.6%, achieved net profits attributable to the parent company 91.6 million yuan, an increase of 62.7%, earnings per share of 0.29 yuan. A quarter gross margin rose 3.8 percentage points year on year to 25.7%, up 1 percentage point higher than Central. At the same time, thanks to good cost control, cost during the first quarter's rate of 11.63%, the basic flat with the 2009 reporting period. Among Sell 0.24 percent expense ratio decreased slightly to 6.7%, management fee rates for the reporting period to increase R & D investment and increase staff salaries up 0.6 percentage points to 3.5%, the financial costs of basic and unchanged from last year to 1.4%. Improve gross margin rates with good control of costs during the company's current net profit to grow substantially.
The next few years, company performance from the fiber optic cable and will continue to Power cable Two main business drivers, according to 2009 data from the annual report, the company's revenue structure is as follows:
Same time, the company's core business has remained stable in recent years, the growth of business gross margins on the rise. The following are sub-products company for the period 2006-2009 the company revenue data. One fiber optic cable and power cable business has been in a growing business trend of the power cable business as a low base in 2006, made 07 of more than 200% growth, then began to grow steadily.
The figure is the company the business from 2006 to 2009 the gross margin situation can be seen from the business's gross margin has been the trend in steadily. In the optical fiber and the cost of power cables, copper, aluminum, steel, PE and other bulk commodities account for a significant proportion of 07-08 year period, international commodity prices experienced substantial gains, but business is still able to gross margin steadily, and see the company control of some higher cost.
The following is the company's entire business situation, from which we can analyze the profitability of the company road map: The company has various products in the market with higher market share. Although the company's traditional products due to more intense competition lead to long-term falling trend in gross margins, but because of high market share of the company, these businesses continue to contribute to the stability of the company's profits. Meanwhile, the company has developed high-end products (undersea fiber optic cable, special electrical wire); and market these products to continue to maintain very high market share. Submarine cable company to reach 75% domestic market share, gross margins above 30%; special electric wires in the country Home Appliances Winning the bidding process network accounting for 60% of the tender amount, and special electrical conductors such as high strength aluminum alloy wire, heat resistant aluminum alloy wire and other high technology content, there are trade barriers to entry, gross margin reached 30%. Company in 2009 to raise capital investment projects have been completed as planned, optical submarine cable technology projects and the compatibilizer compound (heat) conductor technological transformation projects, projects are high-end products, such envy is now gradually producing benefits. High-end product production capacity will release payment of the company's future profitability can be maintained.
Investment Highlights
Company's main products are national policies to support the development of industry, the future growth of high uncertainty.
I am Quality Dress Products writer, reports some information about tinplate products , pet shrink film.
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