Comparative analysis of gross profit margins with comparable companies, Image source: Prospectus
Posted: Mon Feb 17, 2025 8:42 am
In terms of performance, in , , , and the first half of referred to as the "reporting period", Qingdao Qinghe's operating income was approximately RMB . billion, RMB . billion, RMB . billion, and RMB . billion, respectively, and the corresponding net profits were approximately RMB million, RMB million, RMB million, and RMB million, respectively. Although the company's revenue is on an upward trend, its net profit fluctuates.
During the reporting period, Qingdao Qinghe's comprehensive gross profit margin was .%, .%, .% and .% respectively , which was lower than the average level of comparable companies in the same industry and there was a certain fluctuation.
Among them, in , due to the continued high cost of raw kazakhstan phone number list materials, the company's capacity utilization rate decreased yearonyear, and the production efficiency of the Mexican production base was relatively low in the initial stage of production, resulting in a yearonyear decline in the company's gross profit margin; as the negative factors affecting the company's gross profit margin in improved, the company's gross profit margin increased in .
It is the world's second largest artificial turf company, with more than % of its revenue coming from overseas.
In recent years, with the development of the global economy, the size of the artificial turf market has also shown an upward trend.
According to AMI Consulting's research, the global artificial turf market sales volume and demand in will be approximately RMB . billion and million square meters respectively; it is predicted that by , the global artificial turf market size and demand will reach RMB . billion and million square meters respectively, which shows that there is still room for growth in the future .
During the reporting period, Qingdao Qinghe's comprehensive gross profit margin was .%, .%, .% and .% respectively , which was lower than the average level of comparable companies in the same industry and there was a certain fluctuation.
Among them, in , due to the continued high cost of raw kazakhstan phone number list materials, the company's capacity utilization rate decreased yearonyear, and the production efficiency of the Mexican production base was relatively low in the initial stage of production, resulting in a yearonyear decline in the company's gross profit margin; as the negative factors affecting the company's gross profit margin in improved, the company's gross profit margin increased in .
It is the world's second largest artificial turf company, with more than % of its revenue coming from overseas.
In recent years, with the development of the global economy, the size of the artificial turf market has also shown an upward trend.
According to AMI Consulting's research, the global artificial turf market sales volume and demand in will be approximately RMB . billion and million square meters respectively; it is predicted that by , the global artificial turf market size and demand will reach RMB . billion and million square meters respectively, which shows that there is still room for growth in the future .