Qilu.com·Lightning News October 16 Shandong Wantong Hydraulic Co., Ltd. (hereinafter referred to as 100 Hydraulic ) recently released its third-quarter report, saying that the company achieved operating income of 372 million yuan in the first nine months of this year, a year-on-year increase of 56.45%; net profit of 39.2668 million yuan, a year-on-year increase of 24.38%; basic earnings per share 0.3359 yuan, a year-on-year increase of 28.01%, reversing the year-on-year decline in net profit attributable to shareholders in the first half of the year.
Especially in the third quarter, Wantong Hydraulic achieved a single-quarter revenue of 162 million yuan, a year-on-year increase of 154.71%; and achieved a net profit of 19.8682 million yuan, a year-on-year increase of 286.43%, with outstanding performance.
Regarding the reasons for the rapid growth of revenue and net profit in the first three quarters, Wantong Hydraulic has sorted out three aspects: First, the steadily develops around the strategic layout, the revenue scale has expanded from January to September, and the net profit has increased accordingly; Second, based on the annual operating plan , refined management has been strengthened and long-term incentive measures have been established; in addition, revenue has increased significantly, and the scale effect has been obvious, and the expense ratio has decreased by 3 percentage points year-on-year from January to September.
reporter noticed that as an enterprise engaged in the research, development, production and sales of hydraulic cylinders, Wantong Hydraulic has obtained a series of core technology patents with independent intellectual property rights after years of research and development and accumulation. In terms of how to make "R&D power" a "perpetual motion machine" for the healthy development of the enterprise, Wantong Hydraulics also delivered an "answer": From January to September this year, the company expanded the construction of its R&D team, increased investment in R&D projects, insisted on R&D innovation-driven, and continuously enhanced its core competitiveness. Its R&D expenses increased by 3.23 million yuan compared with the same period last year, an increase of 31.47% year-on-year.
Lightning News Reporter He Xiaofei Report
