Wujin Stainless’s 2019 Net Profit Growth Is About 58.12%

The performance report released by Wujin Stainless on March 31 shows that in 2019, its operating income was nearly 2.323356 billion yuan, an increase of approximately 16.17%:

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In the fourth quarter, the ratio fell to more than 5.7792 billion yuan; the net profit attributable to shareholders of listed companies was nearly 31487 million yuan, an increase of about 58.12%. In the fourth quarter, it was 67.574 million yuan, which was the lowest in the year;

The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was approximately 290.86 million yuan, an increase of approximately 58.49%, and it was RMB 61,175,900 in the fourth quarter, the lowest in the year;

The net cash flow from operating activities was approximately 46.223 million yuan, a decrease of approximately 16.04%, of which, the fourth quarter was -158.255 million yuan, which also fell to the lowest level during the year.

• In 2019, the proportion of operating income from the petrochemical industry rose to 42.87%, and the gross profit margin increased by 0.1 percentage points to 24.02%;
• The proportion of operating income from the machinery and equipment industry dropped to 22.93%, and the gross profit margin increased by 7.93 percentage points to 24.58%;
• The proportion of operating income from the power equipment industry dropped to 12.79%, and the gross profit margin increased by 2.02 percentage points to 20.17%;
• The proportion of operating income from the natural gas industry rose to 2.51%, and gross profit margin increased by 5.01 percentage points to 24.50%;
• The proportion of operating income from other industries rose to 18.89%, and the gross profit margin increased by 3.63 percentage points to 25.94%.

In 2019, Wujin’s production and sales of stainless steel seamless pipes were 47,431 tons and 48,866 tons, respectively, an increase of 6.98% and 17.18%;