On April 16, Yu Diamond released its 2018 annual report. According to the annual report, the company achieved operating income of 1.24 billion yuan last year, realizing a net profit attributable to owners of the parent company of 96.34 million yuan, and earnings per share of 0.08 yuan, although, business Both revenue and net profit declined slightly. However, according to the annual report, the company’s gross profit margin last year was 33.3%, an increase of 7.4% compared with last year.
In the annual report, the company also announced a dividend plan, which will be based on 1.205 billion shares, and will distribute a cash dividend of 0.14 yuan (including tax) to every 10 shares of all shareholders. It is worth noting that this is already for 8 consecutive years. Dividends are made.
01
R&D investment increased by 14.4% year-on-year
According to public information, since the establishment of the company in December 2004, Yu Diamond has been focusing on the research of the super-hard material industry chain. According to the annual report, the company's products currently cover graphite ore, raw and auxiliary materials, synthetic diamond (including ordinary diamond single crystal, large single crystal diamond), diamond jewelry, micro diamond wire and super hard abrasive (grinding wheel) series. The company's technical level and comprehensive competitiveness in the super-hard materials industry is one of the backbone enterprises of the national-level Henan superhard material industry base, and its overall scale ranks among the top three in the industry.
With the development of technology, the production capacity and quality of synthetic diamonds have increased rapidly in recent years. In terms of physical and chemical composition, synthetic diamonds are no different from natural diamonds and are pure carbon crystals. Not only that, synthetic diamonds are purer in composition, with fewer impurities and defects than natural diamonds.
As a high-tech enterprise, the company has always insisted on technology to drive the company's development. According to the annual report, during the reporting period, Yu Diamond obtained the laboratory accreditation certificate issued by the China National Accreditation Service for Conformity Assessment, and added the qualification for the approval of the precious metal testing project; and obtained the “Qualification Certificate for Inspection and Testing Organization†issued by the Henan Provincial Bureau of Quality and Technical Supervision. The industry standard of “Superhard Material Diamond Large Single Crystalâ€, which was jointly hosted by Huajing and Zhengzhou Abrasives Grinding Research Institute Co., Ltd., was approved by the Ministry of Industry and Information Technology as a key project. By the end of 2018, the company had obtained 351 authorized patents, including 76 invention patents. During the reporting period, 27 new patents were granted and 33 patents were transferred, including 28 invention patents.
Because of technological innovation, the R&D investment brought by the company is indispensable, and the amount of R&D investment of the company is also increasing year by year, from 31,341,400 yuan in 2016 to 4,7828,400 yuan in 2017, and then to 5,352,450 yuan last year. Compared with 2017, the increase was 14.4%.
According to industry insiders, the total assets of Yu Diamond last year were 9.59 billion yuan, an increase of 5.51% from the beginning of the year. It can be seen that the company still maintains strong performance in terms of business. The decline in performance is mainly due to the disposal of fixed assets and the strategic direction of increasing R&D investment and talent introduction. These inputs will gradually emerge in the development of the later companies.
02
Increased investment in a 7 million carat gem-quality diamond project
In addition to increased investment in research and development, the reporter also noted that the company's construction at the end of the reporting period increased by 141.40% compared with the beginning of the period. The reason was mainly due to the increase in investment in large single crystal expansion projects.
In this report, the company also stated that during the reporting period, the company disposed of certain fixed assets, resulting in an increase in asset disposal losses compared with the same period of the previous year. At the same time, the impact of the decrease in the income from the disposal of the financial income and the disposal of the equity was reduced. In the same period, the company continued to strengthen the introduction of talents, increase investment in research and development, and management expenses and research and development expenses increased compared with the same period of the previous year.
In addition, according to the annual report, the company used to pay fixed assets, intangible assets and other long-term assets to pay 1.434 billion yuan in cash, an increase of 579.40% compared with the previous period of 211 million yuan. The construction in progress is 908 million yuan, an increase of 94.19% compared with the previous period of 468 million yuan.
It is understood that the increase in these two projects is mainly due to the increase in investment in the annual production of 7 million carats of gem-quality diamonds, and is used to pay for equipment. Yu Diamond masters the synthetic technology, equipment, core technology and independent intellectual property rights of synthetic diamond related products. It has a post-doctoral work station and the earliest testing center approved by the China National Accreditation Service for Conformity Assessment.
Relevant data show that the global diamond market is about 500 billion yuan. With the rejuvenation of consumer groups and the change of consumption concept, artificial diamonds are expected to usher in a huge market space. The Huajing Diamond's huge investment in the 7 million carat gem-quality diamond project is leading the industry in technology. It can produce rare pink diamonds and blue diamonds on the basis of mass-produced white diamonds and yellow diamonds. It is expected in the same business. The mark is on the Whala.
At present, in the company's business structure, “superhard materials†and “superhard materials†are the main sources of business revenue. Specifically, the operating income of “superhard materials†was 680 million yuan, accounting for 72.7% of revenue. "Superhard Materials" operating income was 260 million, with revenue accounting for 27.3%.
From the perspective of profit contribution, “superhard materials†contribute the most. During the reporting period, the comprehensive gross profit margin of the company was 33.3%, up 7.4 percentage points year-on-year. Among them, the gross profit contribution of “superhard materials†and “superhard materials†accounted for 81.2% and 18.8%, respectively, and “superhard materials†contributed a large margin. The gross profit margins of “super hard materials†and “super hard materials†were 46.2% and 28.5% respectively.
For the company's future performance development, brokerage analysts pointed out that the company will increase investment in research and development, cooperate with domestic and foreign industry leading enterprises and research institutes to carry out technical exchanges and cooperation, improve the company's collaborative innovation system for production, education and research, and increase the basic performance of superhard materials. The research and application of functional performance is the basis for the development of Yu Diamond's performance; on the other hand, the company as a diamond pioneer in China's laboratories, with the excellent attributes of cultivating diamonds, the new 7 million carat gem-quality diamond project is expected to create a diamond lifestyle in the future. Space, leading the new trend of diversified diamond fashion lifestyle, will become a new development point of the company.
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