SMM News: today, Xianglu tungsten industry released 2018 results KuaiBao, the company's total revenue in 2018 was 1.675 billion yuan, an increase of 71. 67% over the same period last year; The net profit belonging to the shareholders of the listed company was 114 million yuan, an increase of 65.76 per cent over the same period last year. Excited by the news, Xianglu tungsten industry rose by the limit on the same day to close at 20.33 yuan.
In 2018, the company's operating profit was 140.6996 million yuan, the total profit was 139.548 million yuan, and the net profit attributable to the shareholders of the listed company was 114.179 million yuan, up 88.28%, 81.49% and 65.76% respectively over the same period last year. Mainly due to the company's cost control and sales growth.
As of December 31, 2018, the company's total assets were 1.9611157 billion yuan, an increase of 29.09% over the end of last year. The main reasons are: first, the expansion of the scale of operation, and second, the increase in profits for the current period. The net assets per share of the shareholders of the listed company were 5 yuan, down 35.32 percent, and the share capital was 170 million yuan, an increase of 70 percent over the beginning of the year. The main reason was that the provident fund increased the share capital and increased the number of shares.
Key financial data and indicators for 2018:
Just the day before yesterday, Xianglu Tungsten Industry issued its "pre-Disclosure notice on profit Distribution and Capital Reserve conversion to Capital increase Plan for 2018," which shows that in view of the company's current business growth, steady operation, and good prospects for development in the future, In order to promote the growth of the company and actively repay the shareholders, share the operating results of the growth of the company with all shareholders, on the premise of complying with the principle of profit distribution and ensuring the normal operation and long-term development of the company after the distribution of profits, This paper puts forward a plan for profit distribution and capital reserve conversion to increase share capital for 2018.
On the basis of 171626000 shares of the existing total share capital of the company, a cash dividend of RMB 1.00 yuan (including tax) shall be distributed to all shareholders for every 10 shares, with a total cash dividend of 17162600.00 yuan. At the same time, the capital reserve fund to increase the share capital, to all shareholders every 10 shares to increase 6 shares. After the increase, the total share capital of the company will increase to 274601600 shares. The amount of the increase does not exceed the balance of "capital reserve-equity premium" at the end of the reporting period.
Xianglu tungsten industry was established in 1997, changed into a joint-stock company in 2012, landed on small and medium-sized plates in early 2017, and has been focused on the development, production and sale of tungsten products since its establishment. The main products include various specifications of tungsten oxide, tungsten powder, tungsten carbide powder, tungsten alloy powder and tungsten cemented carbide, etc., are processing enterprises, in recent years, through IPO investment and mergers and acquisitions gradually extended to the upper and lower reaches of the industrial chain.
China is the largest tungsten consumer in the world, accounting for about half of the world, and exports account for about 30% of the world. At the same time, China is also the largest tungsten storage country in the world. The global tungsten reserves are 3.1 million metal tons, of which the domestic reserves are 1.9 million metal tons, accounting for 61% of the global reserves.