Hefei subsidiary continues to release production capacity, Sanlipu's net profit growth in the first half of the year may reach 2860%

Jiwei.com News: On April 26, Sanlipu released its first quarter 2020 performance announcement. According to the announcement, Sanlipu achieved operating income of 320 million yuan during the reporting period, a year-on-year increase of 32.41%. The net profit attributable to shareholders of the listed company was 11.4226 million yuan, a year-on-year increase of 180.30%. The net profit after deducting non-recurring gains and losses was 6.5143 million yuan, a year-on-year increase of 132.65%. It is worth noting that the company's net cash flow from operating activities during the reporting period was -108 million yuan.

Sanlipu said that the revenue growth during the reporting period was mainly due to the release of production capacity of its subsidiary Hefei Sanlipu Optoelectronics, while the net cash flow generated by operating activities was negative, mainly due to the increase in notes receivable and the undiscounted bills.

In addition, the company also made a forecast for the first half of this year in its first quarter report. According to the forecast, Sanlipu's net profit attributable to shareholders of listed companies in the first half of 2020 is expected to increase by 1955.75% to 2860.28%; the specific amount of change range is about 25 million yuan to 36 million yuan.

It should be pointed out that the polarizer industry has seen a small wave of price increases since the second half of 2019, and this trend has continued to this day. As a leading manufacturer in this field, Sanlipu has further demonstrated its advantages in production capacity, products, customers, and other aspects. This also means that Sanlipu is expected to continue to benefit from the continued positive development trend of the market.