Dinglong Reports Strong Revenue Growth in First Half

Dinglong Reports Strong Revenue Growth in First Half

According to cninfo.com.cn/, China-based Dinglong achieved an operating income of RMB 109.63 billion (US$16.89 billion), up 35.18% compared with the same period last year. According to Dinglong, the strong growth is mainly driven by the sales revenue growth of new optoelectronic semiconductor materials related products, as well as Zhuhai Topcolor Environmental Science-Tech Company Limited’s revenue being added to the scope of consolidated statements.

If the impact of the scope of consolidated statements is excluded, the operating income realized during the reporting period increased 20.44% year-on-year compared with the same period last year.

Some other highlights include:

• Net profit attributable to shareholders of the listed company turned out to be RMB 91.41 million (US$14.08 million), down 54.10% year-over-year
• Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses turned out to be RMB 95.16 million (US$14.66 million), up 48.98% year-over-year

During the reporting period, printing consumables business performances include：

1. Printing consumables upstream products:

• the company’s copier toner and positively charged toner sales continued to maintain steady growth, and the gross profit margin of toner sales maintained steady growth.
• Consumable chip operating income increased 33% year-over-year, while profit increased 86.22%, due to the release of some new products and the increase of some products’ ratios.
• Affected by the decrease in market demand compared with the same period last year and the influence of price competition, the sales volume and profit level of the company’s developing rollers dropped during the reporting period.

2. Ink Cartridge Products

Remanufactured ink cartridges sales increased 37.44% year-over-year, and revenue and profit also increased significantly compared with the same period last year.

3. Toner Cartridge Products

During the reporting period, the company’s toner cartridge sales increased 11.86% year-over-year. The domestic and international e-commerce purchases increased, and the proportion of e-commerce sales increased. Affected by overcapacity of the toner cartridge market, the company’s toner cartridge profitability has yet to be continuously improving.

In general, chips of the consumable upstream business have increased significantly, color toner advantage is stable and the developing roller business is actively adjusted. At the finished product end, ink cartridge product has a stable advantage, and the toner cartridge market is still fierce. In the second half of the year, the company’s key work in the consumables business is to continuously improve the automated production efficiency of toner cartridges under the condition of overcapacity in the toner cartridge industry.

Related:

• Dinglong Releases Fiscal Results for 2020
• China-based DingLong Reports Strong Growth in Q3

• China’s Dinglong Reports Growth in 2020
• Wuhan Gets Back to Work – Hubei Dinglong Gets Green Light

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