On the evening of March 27, Henan Liliang Diamond Co.Ltd(301071) ( Henan Liliang Diamond Co.Ltd(301071) ) released the performance forecast. The net profit in the first quarter of this year is expected to be about 93 million to 103 million, with a year-on-year change of 127.89% to 152.40%.
As for the growth of performance, Henan Liliang Diamond Co.Ltd(301071) said that during the reporting period, the proportion of diamond business sales of high margin product cultivation increased significantly, the market demand of industrial diamond products was strong, the supply was tight, and the price increased significantly compared with the same period last year. The company’s raised investment projects have been put into operation one after another, and the output has increased rapidly.
Statistics show that Henan Liliang Diamond Co.Ltd(301071) is a high-tech enterprise specializing in the R & D, production and sales of synthetic diamond products. Its main products include diamond single crystal, diamond micro powder and cultivated diamond. On September 24 last year, it officially landed on the gem of Shenzhen Stock Exchange.
The reporter noted that the market in the field of synthetic diamond has continued to expand. Since 2021, the demand for cultivating diamond market has increased rapidly. China’s mainstream production enterprises have significantly increased the production capacity of cultivating diamond, while the construction progress of new production capacity is slow, resulting in a significant reduction in the production capacity of industrial diamond single crystal. At the same time, with the growth of China’s demand for industrial diamond single crystal in the fields of photovoltaic new energy and consumer electronics, The supply of industrial diamond single crystal market is tight, and the sales price has increased significantly.
Henan Liliang Diamond Co.Ltd(301071) once said that with the rapid development of downstream industries and the continuous expansion of the application field of synthetic diamond, the market demand for synthetic diamond will continue to grow.
In this regard, on March 26, Henan Liliang Diamond Co.Ltd(301071) disclosed a fixed increase for production expansion. If the total amount of shares to be issued exceeds 1.07 million yuan (excluding the total amount of shares to be issued before capital expansion plan, after deducting more than 1.04 million yuan of capital stock), the total amount of shares to be issued from specific projects does not exceed 4 million yuan.
Henan Liliang Diamond Co.Ltd(301071) said that the capacity utilization rate of cultivating diamonds and diamond single crystals has reached more than 95% in 2021. Insufficient capacity will not only limit the further expansion of the company’s market share, but also lead to the extension of supply time. While affecting the company’s business performance, it will also have a certain impact on the cultivation of high-quality customer resources and brand management of the company.
In order to meet the rapidly growing market demand, the company needs to make a forward-looking layout. This raised investment project will help the company steadily expand production capacity, give play to large-scale production capacity, improve product quality and delivery capacity, and further strengthen the cooperative relationship with important customers, so as to enhance the company’s comprehensive competitiveness in the market.
