Platinum’s total operating income in the first three quarters increased by 45.56 million yuan, a year-on-year increase of 34.85%, mainly due to the growth of 3D printing equipment, mainly due to the increase in operating income of self-developed 3D printing equipment.
Editor’s note: This article is from WeChat public account ” Antarctic Bear 3D Print” (ID: dddyin), author Antarctic Bear 3D Print, slightly cut.
Antarctic bears learned that the company’s 3D printing company Platinum (688333.SH) released the first three quarterly reports of Science and Technology Board. In the first three quarters of 2019, Platinum achieved operating income of 176 million yuan, a year-on-year increase. 34.85%; net profit of 26.2023 million yuan, an increase of 187.44%; deducted net profit of 3.0346 million yuan, an increase of 22.74%, basic earnings per share of 0.41 yuan, lower than revenue growth.
△As of October 27, 2019, Platinum’s stock price was 71.48 yuan, with a market value of 5.7 billion yuan
The total revenue of Platinum in the first three quarters increased by 45.56 million yuan, a year-on-year increase of 34.85%, mainly due to the growth of 3D printing equipment, mainly due to the increase in operating income of self-developed 3D printing equipment. However, Platinum Net profit increased by 187.44%, but Platinum did not explain the reason for the net profit growth of the mother in this chapter.
As a science and technology enterprise, in the first three quarters of this year, Platinum R&D expenses were 2,359.55 million yuan, a year-on-year increase of 37.33%, mainly due to the increase in depreciation and amortization after the new plant area was put into use in the second half of 2018 and the increase of the company. Due to research and development investment.
Platinum achieved operating income of 176 million yuan and net profit of 26.2023 million yuan. In addition to the increase in operating income of self-developed 3D printing equipment, Platinum’s huge government grants in the current period also increased the company’s performance. The main reason is that the net profit after deduction is RMB 3.0346 million.
On August 14 this year, Platinum issued a notice on obtaining government subsidies. The announcement was published on August 13, 2019, and received the Innovation and Development Bureau of Xi’an High-tech Zone. Notice of Xi’an Platinum Additive Technology Co., Ltd. Redemption Supporting Policy and Xi’an High-tech Zone Financial Services Office “Notice on the Proposed Reimbursement of Xi’an Platinum Additive Technology Co., Ltd. The Chuangzhi Bureau and the Financial Office decided to include the company in the relevant policy areas, and provide policy support for the company. The reward amount is 10 million yuan respectively, totaling 20 million yuan. The above award funds will be issued once within two months after the notice is issued. Sexual arrival.
Before, Platinum disclosed that in the first half of this year, it realized a total operating income of 107 million yuan, an operating profit of -579.21 million yuan, and a net profit of -2.3329 million yuan. In other words, the above government subsidies became the third quarter of Platinum. The key to turning losses into profits.
It should be noted that during the reporting period, Platinum made an impairment loss of RMB 1.5539 million, a year-on-year increase of 82.2%. The company stated that the increase in operating income during the reporting period led to an increase in accounts receivable. The corresponding provision for bad debts has increased.
As of the end of the third quarter of this year, Platinum’s total assets were 1.42 billion yuan, an increase of 69.23% from the end of the previous year; the net assets attributable to shareholders of listed companies was 1.021 billion yuan, an increase of 158.08% from the end of the previous year. Among them, due to the IPO raised funds, the company’s monetary funds increased to 613 million yuan. In addition, the book value of accounts receivable and inventory was 188 million yuan and 125 million yuan respectively, totaling 313 million yuan, accounting for 31.8% of the company’s current assets at the end of the period.