Dinglong Forecasts Significant Profit Growth for Q3 2024

Dinglong Forecasts Significant Profit Growth for Q3 2024

Hubei Dinglong has recently disclosed its financial forecast for the third quarter of fiscal year 2024, projecting substantial growth in net profit.

The company reports total revenue of CN￥2.41 billion (US$341.04 million) for the first three quarters of 2024, with CN￥892 million (US$126.14 million) earned in Q3 alone. Dinglong forecasts a net profit of up to CN￥16.11 billion (US$2.28 billion) for the third quarter, representing a significant increase from the CN￥8.04 billion (US$1.14 billion) reported in Q3 2023. In total, the company expects a net profit of up to CN￥37.9 billion (US$5.36 billion) for the first three quarters, reflecting a 115% year-on-year growth.

The company’s printer and copier consumable business showed steady growth, generating an estimated CN￥13.21 billion (US$1.87 billion) in revenue over the first three quarters, a slight increase compared to the same period last year. Dinglong has attributed this growth to its ongoing efforts to reduce costs, improve efficiency, and optimize product structures, all of which have begun to show positive results.

In the semiconductor and integrated circuit sector, Dinglong experienced robust growth, with revenue surging by 88% to CN￥1.09 billion (US$154.13 million) over the past three quarters. Third-quarter revenue alone contributed CN￥449 million (US$63.48 million) to this total. Breaking down the performance by product category, CMP polishing pads generated CN￥524 million (US$74.10 million), CMP polishing and cleansing agents brought in CN￥138 million (US$19.52 million), and semiconductor display materials accounted for CN￥115 million (US$16.27 million).

Dinglong has established itself as a key player in developing materials that are heavily reliant on imports. The company plans to continue focusing on innovation in the semiconductor sector and other advanced materials, further strengthening its market position.

Related:

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• Dinglong Forecasts Significant Profit Increase for H1 2024
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• Dinglong Introduces New Compatible Toner and Upgraded Services

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