According to the announcement, in the 2019 reporting period, the company achieved operating income of 374,240,690 yuan, an increase of 17.06% over the same period last year; realized a net profit attributable to shareholders of listed companies of 41,590,300 yuan, an increase of 24.87% year-on-year; Compared with the same period last year, an increase of 25%.
Thanks to flexible adjustment of business strategies, strict repayment, strengthening profitability, steadily promoting capacity optimization and transfer, comprehensive and orderly implementation of various infrastructure work, continuous innovation and cost reduction and efficiency enhancement work, strengthening internal refinement Management, actively explore new markets and new businesses, and achieved steady growth in operating income and operating profit.
According to the 2019 annual results disclosed by listed companies in the refractory industry, operating income increased by 17.06% year-on-year, ranking among the best in the refractory industry, and the profitability is also better than other companies in the same industry.
According to data from the Refractory Industry Association, the overall operation of the domestic refractory industry is stable in 2019. The output of domestic refractory materials was 24.307 million tons, an increase of 3.65%. The main downstream industries of the refractory industry such as steel, cement, glass, non-ferrous metals, etc. have been operating smoothly in 2019, and their output has maintained a growth trend. % And 3.5%. Benefiting from the steady increase in demand in the downstream industry, the production of refractory materials increased slightly, and the overall level of accounts receivable of industry companies increased slightly.
Participate in the capital increase of Minsheng Securities as a war investment, reflecting the company's excellent fundamentals and escorting the operation of capital
On April 18th, an announcement was issued about the wholly-owned subsidiary as a strategic investor subscribing to the non-public offering of shares of Minsheng Securities.This subscription uses its own funds of RMB 200 million and subscribes for approximately 147 million shares, accounting for approximately Minsheng Securities' capital increase 1.28% of the total share capital after the share.
With the growing development of China's capital market, in recent years, the establishment of science and technology board, the acceleration of IPO, the introduction of new refinancing regulations, etc., brokerage business may meet explosive growth. Minsheng Securities, as a domestic securities company with strong competitiveness and influence, has developed well in recent years, achieved excellent operating performance, and has great development potential. This strategic investment will bring good investment returns.
In addition, it also signed a strategic cooperation agreement with Minsheng Securities, Minsheng Securities will provide quality solutions for the company's refinancing, mergers and acquisitions, equity investment and other related capital market operations. He said that this cooperation will help the company to absorb high-quality resources, expand financing channels, enhance the company's capital operation capacity and core competitiveness, and achieve the company's healthy and sustainable development, which will have a positive impact on the company's future development.
As a domestic leading company of refractory materials, it has established the formation of magnesium refractory materials "mine mining-ore deep processing (tailings flotation utilization)-refractory raw materials-refractory products-after-use refractory recycling and comprehensive utilization". Cycle management mode. While focusing on the main business, it also actively lays out the upstream raw material industry, builds a high-quality raw material base, and develops into upstream industries such as refractory raw materials and related mineral resources.
Recently, the country has repeatedly emphasized the need to accelerate the construction of new-type infrastructure represented by a new generation of information infrastructure, new energy infrastructure, etc. In addition, on April 14, the National Standing Committee decided to increase efforts to transform old urban communities and promote the benefit of people ’s livelihood. Expand domestic demand. The joint efforts of the new and old infrastructures are conducive to coping with the current downward pressure on the economy, and will also promote the development of the building materials industry, thereby driving the demand for refractory materials.
National policies continue to catalyze the implementation, currency-supported infrastructure projects start quickly, and local governments spur investment to stabilize the economy.In January-February, a total of 950 billion special bonds were issued, and the proportion of flows to infrastructure is nearly 70%. The project will be the first to recover, and infrastructure investment will recover with certainty.
With the further deepening of the competition trend in the refractory industry, small enterprises are shutting down and accelerating, the industry concentration will usher in an accelerated improvement. As a leading enterprise in the industry, Beijing Lear's development prospects are more worth looking forward to.
