On the evening of October 28, Yutong Technology released the third quarter report. In the third quarter, Yutong Technology achieved operating income of 2.168 billion yuan, a year-on-year increase of 16.4%; net profit of 276 million yuan, a year-on-year decrease of 7.81%. The net profit after deduction was 271 million yuan, a year-on-year increase of 9.09%.
From the beginning of the year to the end of the reporting period, Yutong Technology achieved operating income of 5.455 billion yuan, a year-on-year increase of 20.57%; net profit attributable to mothers was 543 million yuan, down 11.22% year-on-year; net profit after deduction was 473 million yuan, down 12.3 year-on-year. %.
Yutong Technology expects that the net profit of the returning mothers in 2018 will range from 8.4 to 980 million yuan, with a range of -10% to 5%. There are two main reasons for the change in performance. First, some subsidiaries are in the capacity climbing period; second, new customers and new products are in the stage of importing.
It is understood that the decline in the performance of Yutong Technology in the past two years is mainly due to the adjustment of customer structure, the sharp rise in raw material prices and the exchange gains and losses of the US dollar position in the case of RMB appreciation.
Analysts believe that Yutong Technology will accelerate the development of market share of high-end tobacco and alcohol, big health, cosmetics, food and high-end luxury goods in the situation of actively expanding customers and rapidly increasing the penetration rate of new customers. There is still considerable growth in profitability, and the turning point of the upward climb is beginning to appear.
Editor in charge: Zheng
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