In the first week after the National Day holiday, the rubber industry's first three-quarter report forecast was released on October 11. The net profit of Zhejiang Shuangjian Rubber Co., Ltd. is expected to rise in the same direction, and it is expected to increase by 50%~70%.
The preliminary estimate of the financial department of Double Arrow shares is that the net profit attributable to shareholders of listed companies in the third quarter ranged from 180 million yuan to 204 million yuan, an increase of 50% to 70% over the 12,000 yuan in the third quarter of the previous year.
This is based on the fact that Double Arrow’s earnings reported in the semi-annual report increased by 68.35% year-on-year, and achieved almost the same proportion of growth in the third quarter.
In the first half of the year, Shuangjian shares achieved a net profit of 122 million yuan, which exceeded the profit of the third quarter of the previous year (more than 120 million yuan).
According to the analysis of Double Arrows, the reason for the year-on-year growth is that the rubber conveyor belt industry has eliminated backward production capacity and the industry concentration has been continuously improved. Under this background, the company can fully utilize its advantages in scale, technology and management. Product structure, seize the high-end market. The gross profit margin of high-end products is definitely not the same as that of popular products. The increase in the proportion makes the gross profit margin of product sales further increase, and the profitability of enterprises is further enhanced.