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Although the third quarter out of the downstream food and beverage customers in the peak season, but due to the steady growth of orders for precision chemicals, led Sanfuhua's third quarter single-season revenue to 1.046 billion yuan, an annual increase of 10%, a quarterly increase of 7%, gross profit margin On the other hand, as the semiconductor customer's developer recycling equipment maintains a high-end rate, it is optimistic that Sanfuhua's third-quarter gross profit margin will still be comparable to the previous quarter (21%), and profit is expected to surpass the previous quarter (after tax) Net profit of 101 million yuan) performance. As for the fourth quarter, San Fuhua pointed out that the panel customers can continue until the Christmas season, which is still optimistic about the performance of orders in the fourth quarter. Although there is no new developer recycling equipment this year, the customers will continue next year. There is an expansion plan, and there is still a chance to cooperate with the customer in the new factory next year.

Sanfu Chemical, which was officially listed in 2012, can be divided into two major businesses: precision chemicals, which supply chemicals for panel, semiconductor, LED, and solar industry processes, account for about 65% of revenue, while food additives are the mainstay. Basic chemicals account for about 35%; precision chemicals account for the highest proportion of panels, accounting for 60%, semiconductors and solar energy each account for 1 to 20%, and LEDs account for single digits. At present, Sanfuhua has three subsidiaries, Sanfuming Electronic Materials Co., Ltd., which owns 50% of shares with Hubei Xingfu Electronics, and Sanfu Biotech, which represents DuPont's biotechnology products.

In the third quarter of the operating results, Sanfu Chemical's basic chemicals out of the downstream customer beverage season, the revenue decreased slightly compared with the previous quarter, but still flat at the same period last year, while the demand for precision chemicals this year is steady growth In the third quarter of Sanfuhua, the single-quarter revenue came to 1.046 billion yuan, an annual increase of 10%, and a quarterly increase of 7%. In terms of profit, the legal person pointed out that due to the good operation of semiconductor customers, the recovery rate of the developer recovery equipment was It also continued to be high-end. We are optimistic that Sanfuhua's gross profit margin is still high-end performance comparable to that of the previous quarter (21%). The profitability of the single season is expected to grow again compared with the previous quarter (net profit after tax of 101 million yuan).

As for the current operating conditions in the fourth quarter, San Fuhua pointed out that because the panel customers' peak season usually lasts until Christmas, it is still optimistic about the current order visibility. Although there is no new developer recycling equipment customer this year, there are existing customers. There will still be plans to expand the plant next year, and there will be opportunities to cooperate in the new factory of the customer. As for the basic chemicals, Sanfuhua will build a new plant in Liuying in response to food regulations. This new factory specializes in supplying Sanfu Biotechnology. As well as the needs of customers in the food industry, FDA certification is still being applied for biotechnology products. The actual contribution will be concrete results until next year.

Looking back at the operating performance of Sanfuhua this year, in the first half of this year, although the developer recycling equipment project was not recorded in the first half of this year, the revenue was 1.879 billion yuan, and the annual reduction was about 3.5%. The gross profit margin is about 17%, which is similar to the gross profit margin in the fourth quarter of last year. It is mainly affected by the short-term high oil price and the higher raw material prices, which is slightly lower than the normal gross profit margin of the company by 18%~20%. See the exclusion, and the increase in the recovery rate of the developer recycling equipment led to 21%, which also led to the growth of Sanfuhua's profit. The net profit after tax in the first half of the year was 174 million yuan, an annual increase of 14%, and EPS 1.92 yuan.