Sifangda announced its 2011 annual results. During the reporting period, the company achieved a total operating income of 109 million yuan, a year-on-year decrease of 1.70%; the net profit attributable to shareholders of listed companies was 37.958 million yuan, a year-on-year decrease of 2.27%. The basic earnings per share was 0.49 yuan. In 2011, the company's total operating revenue did not reach the expected growth, mainly due to the impact of economic prosperity in the second half of the year, and downstream demand fell. At the same time, due to the initial public offering of stocks during the reporting period and the listing of the company, the company's administrative expenses increased significantly. In particular, according to the spirit of the Ministry of Finance, some of the listing expenses were included in the current profit and loss, resulting in a large increase in the reporting period. The large increase in the price of diamonds and alloys used by the company's main raw materials also led to a significant increase in production costs. The overall net profit of the company decreased by 2.27% compared with the same period of last year. In order to cope with the latest changes in the macro business environment and the development trend of downstream product demand, further consolidate and expand the leading position and comparative advantage in the industry, and maintain the company's sustained, healthy and rapid growth. In 2012, Henan Sifangda will focus on it. 4 aspects of work. (1) Continue to increase R&D investment and continuously improve R&D level Relying on the company's existing R&D platform, it will speed up the upgrading of product performance and actively develop products that meet the individual needs of customers. Actively introduce talents, standardize the processes of R&D management, establish a long-term mechanism for R&D personnel training, create a higher level of innovative R&D team, establish barriers to market competition with R&D, and provide the company with superhard materials and tools. Extension provides a strong guarantee. The company will continue to promote the optimization and improvement of new products such as PCD drawing die for high hardness and high precision alloy wire, PCD composite for tools with diameter of 50.8mm and above, and PCD composite for oil/natural gas drill for complex terrain. The application research and market development of diamond composite tooth DTH drill bits, tapered polycrystalline diamond composite picks for coal mining machines, high-grade diamond grinding wheels, etc., expand the company's new profit growth point. (2) Strengthening market development and enhancing brand awareness The company will continue to implement a solid sales strategy, strengthen the promotion of new products on the basis of consolidating the existing market share, and increase marketing and brand promotion efforts to further supplement And improve the high-quality sales team, establish a marketing and sales strategy in line with the company's special requirements, establish a sales management system and incentive mechanism in line with the company's rapid development, in line with technical marketing and brand marketing concepts, improve the after-sales service system, improve the market Research and information feedback system, make after-sales service and quality tracking, and win the trust of users. (3) Improve the quality of management team, improve management level Make full use of the company's informationized office platform, rely on ERP to fully implement refined management; do a comprehensive budget management work, follow the principle of “pre-planning, monitoring in the event, and post-analysis†to improve management. The overall quality of the team, the company will further improve the human resources management system, and focus on improving employee identification and belonging, care for employee needs, improve employee welfare, let all employees share the fruits of corporate development, let employees and businesses grow together, create A positive and enterprising culture creates a cohesive team. (4) Steadily promote the construction of fundraising projects and improve the production capacity of the company. The company will strengthen the management of fundraising projects, strive to achieve early production of the initial investment projects, and start construction as soon as possible. In the implementation process of the fundraising project, the company will strictly follow the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange, and carefully promote the effective implementation of fundraising projects to further enrich the company's product structure, expand market share, improve capital operation, and improve the company. The comprehensive competitiveness and profitability of the company significantly enhance the company's industry image.
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