Jiangnan Red Arrow China Daily: net profit of 144 million yuan in the first half of the year

Abstract Jiangnan Hongjian (000519) disclosed the interim report on the evening of August 24. The company achieved a net profit of 144 million yuan and earnings per share of 0.195 yuan in the first half of the year. In the first half of the year, Jiangnan Red Arrow's operating income was 795 million yuan. The company said that the decline in performance during the period was due to macro...

Jiangnan Hongjian (000519) disclosed the interim report on the evening of August 24. The company achieved a net profit of 144 million yuan and earnings per share of 0.195 yuan in the first half of the year. In the first half of the year, Jiangnan Red Arrow's operating income was 795 million yuan.
According to the company, the decline in performance during the period was affected by the macroeconomic situation. The demand for the terminal products of the company's main products grew slowly and the market competition intensified. As a result, the sales volume and sales unit price of the company's main products showed a certain degree of decline.
Jiangnan Red Arrow has invested in the entire industrial chain, and the upgrading of the variety structure has brought steady growth: after the completion of the injection of Zhongnan diamond assets, the company has become an international leader in the field of new materials. The main products of synthetic diamond and cubic boron nitride are mainly used in building materials processing. , machining and drilling and mining industries. At present, the company's five fundraising projects are almost all oriented to high-end products, which is conducive to the company's product structure upgrade, integration and development of the diamond industry chain.

Analysis of the main business composition of Jiangnan Red Arrow:

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