On February 26, Boshen Tools (002282) released its 2018 performance report. In 2018, its total operating income was 1.052 billion yuan, an increase of 77.78% over the same period of last year. The net profit attributable to shareholders of listed companies was 85.090 million yuan. The year-on-year growth was 66.43%; basic earnings per share was 0.20 yuan, compared with 0.15 yuan in the same period last year.
According to the announcement, the total assets of Boshen Tools were 2.652 billion yuan, an increase of 12.67% compared with the beginning of the report.
It is understood that the main reason for the increase in operating income of the company was the completion of the restructuring of Changzhou Jinniu Grinding Co., Ltd. (hereinafter referred to as “Golden Bull Grindingâ€) in November 2017. In the same year, only its operating income in November and December was consolidated, and the 2018 merger was completed. Its annual operating income.
In 2018, the company achieved operating profit of 923.575 million yuan, an increase of 69.73%; total profit of 996.304 million yuan, an increase of 76.74%, net profit attributable to shareholders of listed companies 85.09 million yuan, an increase of 66.43%, basic earnings per share year-on-year The increase was 33.45%. The main reason for the company's profit growth was the impact of the merger of Jinniu's profit during the reporting period.
About Boshen Tools
Shijiazhuang Boshen Tools Group Co., Ltd. is a national high-tech enterprise specializing in the research, development and production of diamond tools, power tools and alloy tools. The company owns two wholly-owned subsidiaries, Boshen and Singapore Boshen, and has offices in Germany. It is one of the largest diamond tool manufacturers in China. The company has strong technical research and development strength, and has independently developed more than 2,000 product series of “cuttingâ€, “drilling†and “grindingâ€, which are dominated by “Boshen†diamond tools and supplemented by electric tools and alloy tools. More than 80 national patents.
In April 2017, Boshen Tools acquired a 100% stake in Jinniu Grinding from 1.2 billion yuan and began to enter the field of coated abrasives. It strengthened the market share of Boshen Tools in the abrasives industry, expanded the product line and integrated customer resources. Enhance the market competitiveness of Boshen tools in the abrasives industry.
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