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The total operating income of Shengyi Technology in the first half of the year increased by 15.16% compared with the same period last year.
Jul 29,2020 14:03CST
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The content below was translated by Tencent automatically for reference.

SMM: yesterday, Shengyi Technology announced its semi-annual results KuaiBao. In the first half of the year, the company's total operating income increased by 15.16% to 6.879 billion yuan compared with the same period last year. The net profit belonging to shareholders of listed companies was 827 million yuan, an increase of 31.49% over the same period last year.

During the reporting period, the operating profit, the total profit, the net profit attributable to the shareholders of the listed company, and the net profit after deducting non-recurring profits and losses belonging to the shareholders of the listed company increased by more than 30% over the same period last year. The main reasons are:

1. With the start-up of global 5G commercial, its subsidiary Shengyi Electronics Co., Ltd. continues to seize market opportunities to promote technology upgrading and capacity optimization, so as to achieve the continuous improvement of sales volume, operating income and profitability.

2. The company continues to optimize the sales structure of copper clad laminate products in this period, so that the profitability of the main business in this period has been improved.

3. The sales quantity of all kinds of copper clad laminates in the company has increased in varying degrees compared with the same period last year.

4. In July last year, the company's convertible bonds were converted into shares, and the interest expenses were reduced accordingly.

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