900 million! Diamond line unicorn Meichang new material will create a new three-board single-penal record

Abstract On September 10, 2018, Meichang New Materials was listed on the New Third Board. On November 14, Meichang New Materials, which was listed shortly, handed out a semi-annual report that made investors "stunned." In the first half of 2018, the company achieved operating income of 1.455 billion yuan, a year-on-year increase of 3...

On September 10, 2018, Meichang New Materials was listed on the New Third Board. On November 14, Meichang New Materials, which was listed shortly, handed out a semi-annual report that made investors "stunned." In the first half of 2018, the company achieved operating income of 1.455 billion yuan, a year-on-year increase of 387%; net profit of the mother returned to 718 million yuan, an increase of 425%. The company's gross profit margin increased from 67.31% to 68.71%, and total assets increased from 1.338 billion yuan to 2.267 billion yuan.

In addition to the 2018 semi-annual report, there is also a dividend plan. Meichang New Materials plans to distribute a cash dividend of 25 yuan (including tax) for every 10 shares. At present, the total share capital of Meichang New Materials is 360 million shares. According to the dividend plan, the total dividend will reach 900 million yuan!

If it is implemented smoothly, Meichang New Materials will create a new three-board single-character dividend record. 900 million yuan, the shareholders share the dividends. The actual controller Wu Ying holds 55.11% of the shares, Wu Ying will be divided into 495 million yuan. The brilliant performance has given the bottom line of Meichang New Materials. As of June 30, 2018, the undistributed profit of Meichang New Materials reached 1.242 billion yuan.

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The largest producer of electroplated diamond wire in China

Diamond wire is a cutting consumable for hard and brittle materials such as photovoltaics, sapphire, magnetic materials and precision ceramics. Longji, the world's largest manufacturer of monocrystalline silicon wafers, has a huge demand for diamond wires. However, due to technical constraints, diamond wire can only be purchased from Japanese manufacturers at an early stage, and the price is high.

In 2014, Longji shares began to support the cultivation of domestic diamond wire suppliers - Mei Chang new materials. Meichang New Materials Co., Ltd. and Japan Aide Co., Ltd. jointly developed and produced the electroplated diamond wire production technology, and in December 2015 spent 600 million yen to purchase Japan's advanced production line and production technology.

While absorbing and digesting Japanese technology, Meichang New Materials has improved its design into its own electroplated diamond wire production equipment, which not only reduces production costs, but also improves product performance. With excellent products, the United States Cheong new material became the largest domestic manufacturer of diamond wire, in early 2018, the United States Cheong new material valuation of 6.7 billion yuan, officially entered the ranks of the Unicorn.

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