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Prince New material announced financial results, earnings growth
2019/6/21 18:34:11

In 2018, while absorbing the impact of monetary and policy tightening in the early stage, China's economy also encountered the impact of china-us trade frictions. The overall economic situation was weaker than previous years, with the annual GDP growth rate of 6.6%, and downward pressure on the economic growth rate continued to increase.Facing the complex economic situation at home and abroad, don't attack the main Wang Zixin material board leadership staff, down-to-earth, practice our fighting spirit, efforts to improve the quality of enterprise operation and development, on the basis of guarantee the steady development of business scale, using the power of the capital market, expand Wang Zixin material in the layout of the main business niche, actively adapt to the market environment, close to the national macro policy, focus on market trends, dig profit growth point, through the deepening existing large customers, continuously develop high quality new customers, achieve the Wang Zixin material performance steady growth.

In 2018, the total revenue of wang zi xincai reached 911.16941 million yuan, approaching 1 billion yuan for the first time, with a year-on-year growth of 52.41% and reaching the highest level in history.The net profit attributable to the shareholders of the parent company was 4,976.12 million yuan, up 28.77% year-on-year.

In the first quarter of 2019, the total revenue of wang zi new material reached 23,600.5 million yuan, with a year-on-year growth of 74.44%.The net profit attributable to the shareholders of the parent company was 11.4433 million yuan, up 75.48% year-on-year.

Wang zi new material is mainly engaged in the research and development, production and sales of plastic packaging materials. Its main products include plastic packaging film, plastic tray, plastic buffer material (mainly EPE buffer material) and other packaging materials, which are mainly used in the production turnover and sales packaging of electronic products such as computers, smart phones and household appliances.In July 2018, after wang zi xincai acquired a 51% stake in chongqing fuyida, its main products were expanded to foam and paper packaging materials.Among them, foam packaging materials include polystyrene foam (EPS) and composite packaging materials assembled with auxiliary materials;Paper packaging materials include honeycomb packaging materials, and its composite packaging materials assembled with EPS and EPE, as well as the sales business of outsourcing corrugated boxes, which are mainly used in the production turnover and sales packaging of electronic products and household appliances.

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