Muller New Materials recently released its 2018 performance forecast. The net profit is expected to reach 36 million yuan, down 67.67% from the same period of the previous year.
According to the announcement, from January 1, 2018 to December 31, 2018, the net profit attributable to shareholders of listed companies was 34 million to 36 million yuan, a decrease of 69.46%-67.67% over the same period of the previous year. The company expects that the impact of non-recurring gains and losses on net profit from January to December 2018 will be approximately 691,400 yuan.
It is understood that the main reason for the change in performance is that the company's products are mainly used in the cutting applications of the photovoltaic industry, sapphire cutting, magnetic materials and other hard and brittle materials.
Due to the impact of the downstream “531†New Deal, the sales volume and price of the company's diamond line began to decline significantly in the second quarter of 2018, resulting in a significant decline in the company's annual operating results.
Due to the large investment in the early stage, the company's newly established wholly-owned subsidiary Zhuzhou Yule New Material Co., Ltd. has not yet reached full production and is at a relatively high cost in the initial stage of production, thus forming a certain loss, which has a certain negative impact on the company's annual performance.
China Superhard Materials Network shows that Muller New Materials is a high-tech enterprise specializing in the R&D, production and sales of diamond wires in China. It provides professional tools and complete cutting for hard and brittle materials such as crystalline silicon, sapphire, magnetic materials and precision ceramics. solution.
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