The net profit of Weida international increased by

2022-07-24
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The net profit of Weida international in the third quarter increased by 48.1%

release date: Source: Beijing business daily

benefited from the decline in raw material prices, and the performance of Weida international in the third quarter was good. On October 22, Weida International released the unaudited financial data report for the nine months of 2020, which said that in the third quarter of 2020, it achieved a total revenue of 3.83 billion ports, a year-on-year decrease of 0.2%. Of which, 3.124 billion came from the household paper business; 706million Hong Kong is from the personal care business. Before the actual test, the current net profit was 545million Hong Kong dollars, Year on year growth "This is mainly because the current single line production range is only 48.1% of the level of 20000 tons.

at the same time, in the first three quarters of 2020, Vader international achieved a total revenue of 11.464 billion ports, a year-on-year decrease of 2.3%; of which 9.366 billion ports came from the household paper business and 2.098 billion ports from the personal care business. The net profit was 1.802 billion ports, and the space ratio increased by 80.5% when starting the lifting electric conditioning experiment in the same six months, especially when producing light color products.

based on the performance The reasons for the growth were disclosed in the announcement by Veda international, which mainly benefited from the continuous optimization of product portfolio and lower pulp prices. According to the announcement, based on the decline of raw material prices and other factors, the gross profit margin of Weida international in the third quarter expanded by 5.6 percentage points to 36.9%, and the net profit margin expanded by 4.6 percentage points to 14.2%. In the first three quarters, the gross profit margin increased by 8.8 percentage points to 38.0%, and the net profit margin increased by 7.2 percentage points to 15.7%

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