Wuhai chemical's profit increased in the first half of the year

Hongda Industrial Co., Ltd. recently released the semi annual report of 2014. In the first half of 2014, the company realized a net profit of 124 million yuan, an increase of 12.87% year on year, and a per share income of 1456 yuan. In the first half of 2013, Hongda Industrial realized an operating revenue of 1.248 billion yuan, an increase of 7.64% year on year, mainly due to the increase of self-produced calcium carbide and external sales of Wuhai Chemical Co., Ltd., the subsidiary's gold technology soft cloth production line, which expired on December 31, 2013 and was not renewed, self-organized production and sales in the current period, increased sales revenue of soft cloth products, and sales of western environmental protection desulfurization powder of the subsidiary Increased revenue. In the first half of 2014, the company's production and operation remained stable, and its operating revenue and profit increased steadily compared with the same period of last year. In order to cope with the adverse situation of the macroeconomic situation, the subsidiaries have achieved better results by strengthening internal management, ensuring the efficient operation of the production system, strictly controlling the procurement costs and production costs, and trying to reduce costs and increase efficiency. In addition, based on the original main products, the company vigorously develops new product business and further improves the company's industrial chain. In the semi annual report, Hongda Industrial also expects to achieve a net profit of RMB 242 million to RMB 271 million from January to September 2014, an increase of 26.23% to 41.74% year on year, mainly due to the sharp drop in the price of electricity in the main raw materials compared with the same period of last year, the profit contribution brought by the new carbide sales of subsidiaries, the profit brought by the new desulfurization powder of subsidiaries and the external sales of other end products after the completion of the industrial chain Run the contribution.