Bao Ti shares: third quarter profit is lower than expected, still look at the future development of the company

SMM news: recently, titanium shares released 2019 third quarter results forecast. The company announced that in the first three quarters of 2019, the company realized net profit of 169 million yuan, an increase of about 74.56 percent over the same period last year, and the deducted non-net profit belonging to shareholders of listed companies was 158 million yuan, an increase of about 81.09 percent over the same period last year. The main reason for the sharp increase in the company's performance is the large production and sales of the company's products.

An increase. In the first half of 2019, the production of titanium products was 10645 tons, up 69.26 percent from the same period last year, and the sales volume was 10170 tons, up 75.44 percent from the same period last year, of which the sales of titanium materials reached 6627 tons, an increase of 14.32 percent over the same period last year.

Third-quarter net profit fell 7% from a year earlier, lower than expected. In the first half of 2019, the company realized the net profit of 111 million yuan belonging to the shareholders of the listed company and 101 million yuan of the deducted non-net profit belonging to the shareholders of the listed company. Equivalent to the third quarter of the company, the company's net profit attributable to shareholders of listed companies was 58.5 million yuan, down 6.87% from the same period last year and 27.84% from the previous month.

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