Even in the face of an interview with the reporter of China Business News, Yu Liu, chairman of Yu Diamond, admitted that the company's performance is being affected by market factors. But he also said that with the company's product line extending to the high end, the company's performance is turning to a better direction.
Guo Liuxi said that in the past two years, due to the rapid expansion of the artificial diamond industry, competition has become fierce, and the previous high profit margin has declined. Since the company's main business is still synthetic diamond, now, with the reduction of the unit price of the product, the company's production capacity does not fall, which directly affects the company's profits.
According to the 2013 annual report of Yu Diamond, the company achieved operating income of 524 million yuan in 2013, a decrease of 4.7% year-on-year. The net profit attributable to ordinary shareholders of listed companies was 94.26 million yuan, a decrease of 23% year-on-year.
Guo Liuxi said that in 2014, with the further expansion of production capacity of the electroplated diamond wire project, it is expected to be more than 100 million yuan in sales revenue of the company, and the profit is much higher than the traditional synthetic diamond.
In addition, Guo Liuxi also said that China, as a major consumer of diamond jewelry, 60% of the business of the world's largest diamond manufacturer Derby Swana is contributed by China, and the technology of replacing natural diamonds with industrial diamonds has matured.
At present, Yu Diamond has established a joint venture with Jiaozuo Meijing Technology Co., Ltd. to establish Jiaozuo Huajing Diamond Co., Ltd., and has mastered the mass production technology that can realize the large single crystal of synthetic diamond. Guo Liuxi said that this artificial large single crystal diamond has the same elements and the same aesthetics as natural diamonds, but the cost is much lower. Therefore, in the future, with the difficulty of mining natural diamonds, this artificial large single crystal diamond It will be accepted by the diamond jewelry market because of its “supernatural†attributes, and even replace the original natural diamond market to some extent.
The company's 2013 annual report shows that Jiaozuo Jingjing just entered the trial production at the end of 2013, and realized more than 8 million sales, achieving operating profit of 2.49 million yuan. According to the plan, Jiaozuo Huajing will be realized after official production. The annual output of 792,000 carats of artificial large single crystal diamond.
“Currently, the company’s main business is still synthetic diamonds, but as the company’s new investment projects are put into production, the contribution of synthetic diamonds to the company’s profits will be equally divided with other projects.†Guo Liuxi said that as the company is successfully intervening in new diamonds The field is expected to enhance the company's performance growth and profitability in the future.
Guo Liuxi said that in the past two years, due to the rapid expansion of the artificial diamond industry, competition has become fierce, and the previous high profit margin has declined. Since the company's main business is still synthetic diamond, now, with the reduction of the unit price of the product, the company's production capacity does not fall, which directly affects the company's profits.
According to the 2013 annual report of Yu Diamond, the company achieved operating income of 524 million yuan in 2013, a decrease of 4.7% year-on-year. The net profit attributable to ordinary shareholders of listed companies was 94.26 million yuan, a decrease of 23% year-on-year.
Guo Liuxi said that in 2014, with the further expansion of production capacity of the electroplated diamond wire project, it is expected to be more than 100 million yuan in sales revenue of the company, and the profit is much higher than the traditional synthetic diamond.
In addition, Guo Liuxi also said that China, as a major consumer of diamond jewelry, 60% of the business of the world's largest diamond manufacturer Derby Swana is contributed by China, and the technology of replacing natural diamonds with industrial diamonds has matured.
At present, Yu Diamond has established a joint venture with Jiaozuo Meijing Technology Co., Ltd. to establish Jiaozuo Huajing Diamond Co., Ltd., and has mastered the mass production technology that can realize the large single crystal of synthetic diamond. Guo Liuxi said that this artificial large single crystal diamond has the same elements and the same aesthetics as natural diamonds, but the cost is much lower. Therefore, in the future, with the difficulty of mining natural diamonds, this artificial large single crystal diamond It will be accepted by the diamond jewelry market because of its “supernatural†attributes, and even replace the original natural diamond market to some extent.
The company's 2013 annual report shows that Jiaozuo Jingjing just entered the trial production at the end of 2013, and realized more than 8 million sales, achieving operating profit of 2.49 million yuan. According to the plan, Jiaozuo Huajing will be realized after official production. The annual output of 792,000 carats of artificial large single crystal diamond.
“Currently, the company’s main business is still synthetic diamonds, but as the company’s new investment projects are put into production, the contribution of synthetic diamonds to the company’s profits will be equally divided with other projects.†Guo Liuxi said that as the company is successfully intervening in new diamonds The field is expected to enhance the company's performance growth and profitability in the future.
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