Tony Electronics announced its annual report this week. Tony Electronics's net profit in the first three quarters of 2018 increased by 21.03% year-on-year. It did not continue its growth momentum. In 2018, Tony Electronics' net profit fell by 33.44% year-on-year, only one. In the quarter, Tony Electronics’ performance has increased. The diamond wire slides in a severe form According to the data, diamond cutting line business revenue accounts for the main part of Tony Electronics' operating income. Starting in the second half of 2018, downstream customers of diamond cutting lines reduced the cost of materials, which made Dongni Electronics' diamond cutting line sales pressure. This is the main reason for the decline in Tony Electronics' performance. On the surface, the company's net profit fell by 33.44% year-on-year in 2018. If the company's performance was split, the company achieved a net profit of 879.34 million yuan in the first quarter of 2018, accounting for more than 76% of the annual net profit. The remaining three The total net profit for the quarter was only 27.45 million yuan, especially the signs of the chain decline. Tony Electronic decline in performance, is an industry overall decline. In addition to electronic Tony, where the same diamond wire cutting line of the main Daile new materials and new materials of the three super same. 2018 Daile new material operating income of 329.9908 million yuan, 24.22% decrease year on year; net profit of 34.0094 million yuan, 69.46% decrease year on year. Performance of the company is also presenting high to low trend, one quarter net profit of 39.1368 million yuan, higher than the company's full-year net profit, the remaining three quarters of net profit was 8.9975 million yuan, 772,100 yuan and -1597.73 million. Three super new material results of Letters show that in the first three quarters of 2018, the company had net profit of 63.4771 million yuan under the circumstances, the company's full-year net profit of only 41.3408 million yuan -5425.98 million yuan, down 37% -52%, that is, the company also experienced a loss in the fourth quarter. The performance of the three companies all showed a situation of high before low and low in the fourth quarter. It seems that the diamond cutting line industry has now had an overall downward trend that is difficult to reverse. New investment projects continue What is even more worrying is that some listed companies are still expanding their production capacity in the context of reduced orders in the diamond wire cutting line industry and falling prices and gross profit. For example, the recent issuance of convertible bonds by Muller New Materials. According to the company's issued prospectus for the issuance of convertible corporate bonds, this year's fund-raising investment project will increase the production capacity of 6 billion meters of diamond wire per year. In 2018, the production capacity of Muller New Materials is about 2.738 billion meters. Once the project of the 6 billion-meter diamond line project is completed, the production capacity will reach more than three times. The data shows that in 2018, the actual production of the new diamond wire cutting line was about 2.171 billion meters, the capacity utilization rate was only 79.31%, the company's sales in 2018 was about 1.909 billion meters, and the production and sales rate was only 87.92%. Compared with the same period in 2017, the company's production increased from 2.369 billion meters to 2.738 billion meters in 2018. The output fell from 2.431 billion meters to 2.71 billion meters last year, and the sales volume dropped from 2.368 billion meters to 1.909 billion. Meter. It is not difficult to see from the above data that in 2018, the production, sales volume, production and sales rate, and capacity utilization rate of Müller's new materials have declined across the board. In this context, it is tantamount to continue to raise funds and expand production capacity. In fact, in addition to the above three companies, there are currently listed companies such as Yicheng Xinneng and Stellar Technology that have a large amount of investment in the field of diamond wire cutting lines. The downstream demand has slowed down and the market competition of the diamond wire industry has intensified. The listed companies have been in trouble without exception, and the substantial expansion of production capacity has not stopped for a while. At present, there are listed companies such as Yicheng Xinneng and Stellar Technology in the diamond line. There is a large amount of investment in the field of cutting lines. Taking Yangling Meichang New Materials as an example, as of 2017, the production capacity of Yangling Meichang New Materials is about 8.459 billion meters, and by June 2018, the company's monthly production capacity has expanded significantly to 1.5 billion meters, that is, the annual production capacity is 18 billion meters. The newly added capacity is nearly 10 billion meters, and the company is also planning to raise funds to increase production capacity by 15 billion meters.
Copper is a versatile and important material in various industries. It is a soft, malleable, and ductile metal that is a good conductor of electricity and heat. Copper has been used by humans for thousands of years, and it still plays a critical role in modern society.
One of the main advantages of copper is its excellent electrical conductivity. It is used extensively in electrical and electronics applications, such as wiring, power transmission, and printed circuit boards. Its thermal conductivity is also very high, making it suitable for heat exchangers and cooling systems.
Copper is also important in the construction industry. Its corrosion resistance, durability, and aesthetic appeal make it an ideal material for roofing, gutters, and plumbing systems. Copper is also used in architectural features such as decorative panels, wall cladding, and sculptures.
Copper is also an essential material in the manufacturing of various products. Its mechanical properties and workability make it ideal for manufacturing pipes, tubes, wires, and other hardware components. Copper alloys, such as brass and bronze, are used to make a wide range of products, including musical instruments, jewelry, and coins.
Moreover, copper is an environmentally friendly material. It is completely recyclable, and recycled copper can be used to manufacture new products without any loss of quality. Recycling copper also saves energy and reduces the need for mining, thereby conserving natural resources and reducing greenhouse gas emissions.
In conclusion, copper is a versatile material with many advantages. Its excellent electrical and thermal conductivity, durability, workability, and recyclability make it an essential material in various industries.
Copper And Zinc Alloy,Copper Cladding,Copper Nickel Alloy,Copper Aluminum Alloy Lizhi Precision Manufacturing Technology Co.,Ltd , https://www.lizhihardware.com
Diamond cutting line industry encounters cold current
Tony electronic summary annual reports released this week, Tony electronics in first three quarters of 2018 grew at 21.03 percent of the net profit of the background, and not be able to continue the momentum of growth, the 2018 Tony Electronics net profit fell up to 33.44%, only One quarter time east...