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Yongsheng New Materials 2018 annual revenue increased by 500 million to 680 million yuan
2019-03-30
On March 26, the board of directors of Yongsheng New Materials was held in Hong Kong. The meeting was presided over by Chairman Li Cheng, and board members Zhao Jidong, Huang Huiling, Wang Huaping, Ma Qinghai, Li Conghua, etc., participated in the meeting. The meeting reviewed the company's annual operation, business development and financial status in 2018, and affirmed the company's achievements in the past year. During the year under review, the revenue of Yongsheng New Materials increased by 5% year-on-year to RMB680 million, with earnings per share of RMB0.204 and a proposed final dividend of HK $0.022 per share. In 2018, China faced a complex and volatile international situation, the escalation of Sino-US trade frictions and the repeated fermentation of the European debt crisis, which undoubtedly brought challenges to the prospects of economic development, and the market consumption atmosphere also tended to be conservative. Despite this, the company with high value-added products, continuous research, upgrade product process technology, Yongsheng new materials in the high value-added chemical fiber textile market continues to lead. Looking forward to 2019, the changing economic environment, the doubling of industry peers' production capacity, the fierce market competition, and the sharp price fluctuations of raw materials and commodities are all challenges that the company may face. Yongsheng New Materials will take "change and innovation, break through the bottleneck" as the business theme, pay close attention to the needs of the market, adhere to the development of new differentiated products, grasp the various opportunities brought by the upgrading of market consumption, and strive to go to a higher level in 2019. |