The Profit of Daye Shares in the First Half Year Increased by 20%

On July 30, Daye Shares published the semi-annual report of 2019. In the first half year, the revenue was 1.324 Billion Yuan, with a year-on-year growth of 14.14%; the net profit was 121 Million Yuan, with a year-on-year growth of 19.56%. 

The company stated that in the aspect of production technology innovation and talent introduction, on one hand, it always aimed at the global scientific and technological frontier and industrial transformation trend to develop different kinds of new bead wire, steel cord, rubber tube wire products and special steel wire with ultrahigh strength, constantly increase the proportion of medium- and high-end products, improve the added value of the products and enhance the core competition advantage of the products. On the other hand, it introduced high-end technology team, further expanded the cord production scale, improved the specification, variety and quality of the cord products and exploited and built the market of high-end customers.

It is reported that in the first half year, the enterprise enhanced management innovation and informatization construction to improve the overall operation efficiency; invested to construct solar photovoltaic power generation of 50.5MW for self use; actively expanded the business scope to expand the share of domestic market under the conditions where the international trade situation was disadvantage, etc.

It is learned that the R&D center building project of Daye Shares has entered the phase of installation and deployment of experimental equipment and facilities and will be officially put into use in the next half year, which will rely on the existing academician workstation and post-doctoral research station to carry out topic research, talent cultivation, project cooperation, etc., thus building a higher development platform for high-quality development and improvement of the enterprise.