Dinglong Reports Significant Growth in Fiscal Year 2021

Dinglong Reports Significant Growth in Fiscal Year 2021

According to static.cninfo.com.cn, the Dinglong Group’s revenue in the fiscal year 2021 was RMB2.36 billion (US$370.35 million), up 29.67% compared to last year.

In the fiscal year 2021, net profits attributable to shareholders of the listed company increased 233.60% year-over-year to RMB213.52 million (US$33.51 million), while net profits attributable to shareholders after deduction of non-recurring gains and losses turned out to be RMB 206.59 million (US$32.42 million), up 175.62% year-over-year.

The company also forecasts fiscal results for the first quarter (Q1), ending March 31, 2022.

In Q1, net profits attributable to shareholders of the listed company are predicted to increase 73.16%-99.80% year-over-year to RMB 65.00 million- 75.00 million (US$10.20-11.77 million). Net profits attributable to shareholders after deduction of non-recurring gains and losses will increase 14.43% to 33.5% year-over-year to RMB60.00 million -70.00 million (US$9.42-10.98 million). Revenue will increase 7.70% to 11.55% year-over-year to RMB56.00 million- 58.00 million (US$8.79 million-9.10 million).

Dinglong claims the main reasons for such changes due to year-over-year revenue and profit growth from its CMP polishing pad business and mass production of flexible display PI paste new products.

Dinglong is very focused on achieving its goals. Less than 12 months ago, in 2021, 34 leaders from the printing and imaging business unit of the Dinglong Group headed off on a 88km, 3-day trek in the Gobi Desert in the middle of summer.

It was the idea of Benjamin Young, the head of the printing and imaging business unit and co-founding general manager of Speed Infotech Holdings Limited (Speed) that encouraged team members from Hubei Dinglong Chemical Co., Ltd (Dinglong Chemical), Zhuhai Mito Color Imaging Co., Ltd (Mito), Shenzhen Retech Technology Co., Ltd (ReTech), Hangzhou Chipjet Technology Co., Ltd. (Chipjet), Speed Infotech Holdings Limited (Speed) and Printwell to hike 88km in the well-known desert over three days.

Related:

• Dinglong’s Fast and Continued Growth Wows
• Dinglong Expands Product Range to Meet All Customer Needs
• Dinglong Group Thrives Through COVID-19 Crisis
• Dinglong Group Launches Patented Safe Solution Range
• Dinglong Values Sustainability

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