Mini Centrifuge,Mini Spin Centrifuge,Vwr Mini Centrifuge,Mini Centrifuge Machine Zenith Lab (Jiangsu) Co.,Ltd , https://www.zenithlabo.com
In 2012, Yu Diamond reported a net profit decline of -18.42%, which was below our expectations. The company achieved total revenue of 551 million yuan, operating profit of 137 million yuan, and a net profit of 115 million yuan, representing growth of 18.52%, a decrease of 16.86%, and a fall of 18.42%, respectively. Earnings per share were 0.20 yuan, or 0.40 yuan per 10 shares (including tax). During the reporting period, the net profit margin reached 22.45%, while the return on net assets was 9.50%, both declining by 7.99 percentage points and 2.39 percentage points, respectively.
The weak performance in the fourth quarter was the key factor behind the underperformance for the full year. The gross margin for Q4 was 31%, and the net profit margin was 8%, both down by 18 and 21 percentage points compared to the previous period. This marked the lowest level since the 16th quarter. While the production of single crystal silicon met expectations, the output and sales of polysilicon-cut micron diamonds fell below projections, further impacting overall results.
Despite these challenges, the company remains focused on optimizing its cost structure and improving operational efficiency. With continued efforts in product diversification and market expansion, there is potential for recovery in the coming years. Investors are advised to monitor the company's performance closely as it navigates through this challenging phase in the industry cycle.
Abstract Yu Diamond's net profit in 2012 declined by 18.42% year-on-year, falling short of market expectations due to rising financial expenses, increased equity incentives, and a drop in the price of single crystal silicon. The company’s P/E ratio for 2013 stood at 13.7 times, significantly lower than the industry average of 16 times, yet it still maintained an “outperform†investment rating.
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