De Mei Chemical Releases Three Quarterly Report! Revenue Of 1 Billion 163 Million Yuan, Net Profit Increased By 211.36%

In the evening of October 30th, the Limited by Share Ltd of Guangdong de Mei fine chemical group (hereinafter referred to as "de Mei chemical") issued the three quarterly report in 2019. In the first three quarters, the German chemical industry achieved a profit of 1 billion 163 million yuan, down 7.96% from the same period last year. Net profit attributable to shareholders of listed companies was 94 million 620 thousand yuan, an increase of 171.43% over the same period. Net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 84 million 600 thousand yuan, an increase of 211.36% over the same period last year. Net cash flow from operating activities was 79 million 300 thousand yuan, down 34.99%.

Basic earnings per share of 0.2257 yuan, an increase of 171.60% over the same period. In the third quarter, Germany and the United States achieved an operating income of 442 million yuan, up 2.85% from the same period last year. Net profit attributable to shareholders of listed companies was 43 million 720 thousand yuan, an increase of 472.26% over the same period. Net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 39 million 760 thousand yuan, an increase of 296.26% over the same period last year. Basic earnings per share of 0.1043 yuan, an increase of 473.08% over the same period.

Founded in 1989, de Mei chemical industry started from the fine chemical industry. After nearly 30 years of development, it has become a high-tech enterprise covering many fields such as fine chemicals, petroleum chemicals, agriculture and animal husbandry, food and capital operation. The business scope includes development, production, marketing, textile, printing and dyeing, papermaking auxiliaries, printing aids, coatings, polyurethane coating agents, etc.

It is also understood that in October 21st, de Mei chemical intends to transfer all of its 27% stake in Hunan's CJ to the first sugar refinery of the CJ. The corresponding base transfer price is RMB 86 million 184 thousand yuan, which will earn about $7 million 100 thousand after tax. After the transfer, the company will no longer own Hunan's stock.