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First Half 2018 Witnesses Guoli Company’s Year-on-year Revenue Increase of 43.27%
Release time:2018-08-31 Author:admin Clicks:

   On the evening of Aug. 26, Guangdong Guoli Science and Technology Co., Ltd. (300716) disclosed the Company's semi-annual results and outstanding overall performance. The announcement showed that the Company achieved revenue of 499.7394 million yuan in the first half of the year, a significant increase of 43.27% , and realized a net profit of 30.3428 million yuan attributable to shareholders of listed companies, which is an year-on-year increase of 10.12 %.

   It is understood that the Company's revenue growth in the first half of 2018 is mainly due to the company's major product sales growth, including EVA environmental modified materials and TPR eco-friendly modified materials sales revenue which rose 39.27% and 79.78% respectively.

   With its unique product formula, high quality product performance, professional after-sales service, stable customer group and advanced production model, the total orders received by the Company in the first half of the year have increased substantially compared with the same period of last year, and the scale of production has been continuously expanded, the overall operating condition is good, and the performance has been in steadily improvement.

The Company's technological innovation ability continues to improve, product research and development has made a breakthrough

   Public information shows that the Company has been continuously developing new products according to market demand, at the same time actively introducing high-end R & D personnel, expanding the scale of R & D teams to strengthen research and development of new products and new technologies through continuous innovation, learning and research. In the first half of 2018, the Company's R & D investment reached 15.8959 million yuan, accounting for 3.18 percent of the company's operating income, an increase of 34.38 percent over the same period. The Company carried out research and development around environment-friendly modified materials, with a total of 46 R & D projects. At present, 26 achievements have been achieved (some R & D projects have achieved multiple results conversion). As of the end of this Report, the Company has 4,422 formulations, including 1,894 formulations of EVA eco-friendly modified materials, 1,576 formulations of TPR eco-friendly modified materials, and 952 formulations of modified engineering plastics. At the same time, the Company obtained 13 invention patents, 1 utility model, 17 domestic registered trademarks, 11 foreign registered trademarks, 7 high-tech products, and 31 invention patents under review.

   In the future, the Company will continue to expand the scale of R & D, continue to increase R & D investment, equipped with the R & D team and equipment for different modified formulations and product mold according to customer requirements.

Further Widening Industrial Chain, Advantages of Integration To Be Presented

   In the first half of 2018, the Company set up a holding subsidiary and a shareholding company in the first half of 2018. On the basis of the existing business, it expanded the industrial chain to fly weaving technology, upgrade the upper materials and so on. If the above business can develop smoothly, they will provide the Company with important assistance in technical reserve and business development, further enhance the comprehensive strength and industry competitiveness of enterprises, and provide a new growth point of performance for the future production and management of the Company.

   In recent years, China's modified plastics industry has achieved leapfrog development with the rapid development of national economy, realizing steady and progressive increase in a consecutive ten years. Based on the current situation of the domestic modified plastics industry, looking forward to the second half of 2018, the Company will continue to start with technology research and development, market expansion, quality control, financial management, etc., to reduce costs and improve production efficiency, to develop high value-added products and new products, constantly develop high potential customers, improve customer satisfaction, to consolidate and expand the existing market share of the company, and to actively explore and develop new modified plastics market segmentation application. Finally, the Company will strive to achieve the Company's continuing improvement of competitiveness, sales growth and business objectives and to create greater shareholder value.

Guangdong Guoli Science and Technology Co., Ltd.

Tel :0769-88387000 88387999
Fax :0769-88387193
Web :www.guoligroup.com.cn
E-mail :service@guoligroup.com.cn
Address :No.8, Road 5, Daluosha Pioneer Park, Daojiao Town, Dongwan City, Guangdong Province

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