Securities Times online newsBingobillycasinoOn the evening of April 26th, the quarterly report of Kodak Manufacturing (600499) 2024 was released. According to the data, Koda Manufacturing achieved 25% revenue in the first quarter of this year.Bingobillycasino62 billion yuan, an increase of 2.83% over the same period last year, and the net profit of returning to the mother and deducting non-net profit reached 311 million yuan and 276 million yuan respectively, making a good start.
The announcement shows that a number of financial indicators of Koda Manufacturing improved in the first quarter, and the three major business sectors have all achieved orderly progress. Specifically, the company's ceramic machinery business actively expand the global market, orders achieve substantial growth; overseas building materials business continues to promote project production, production and sales grow steadily. Lithium materials business steadily arranged the release of production capacity, production and marketing have been improved.
In addition, with the technical renovation project of Lanke Lithium Industry put into operation, its lithium carbonate production capacity and output have increased significantly, and with the stabilization of lithium carbonate prices, the investment income of Koda Manufacturing from Lanke Lithium Industry is also expected to bottom out and pick up. Continue to bring it excellent returns.
It is worth mentioning that Koda Manufacturing issued a notice to change the use of some of the repurchased shares and cancel them, and intended to change the use of the repurchased shares in the 2022 share repurchase plan to cancellation and reduce the registered capital accordingly. The total number of shares to be cancelled this time is 30.5635 million, accounting for 1.57% of the company's total share capital. After the cancellation is completed, it will help to improve the level of earnings per share of the company, safeguard the interests of the majority of investors, and improve the long-term investment value of the company.
Ceramic machinery business continues to practice globalization the proportion of overseas orders reaches a new high in the same period.
Based on the extensive sales network, profound brand strength and leading manufacturing advantages, Koda Manufacturing has actively deepened the global layout and all-round service positioning, and achieved fruitful results. During the reporting period, the company's ceramic machinery business orders increased significantly, of which overseas orders accounted for more than 65%.
In terms of generalization and intelligent exploration, Koda ceramic machine business has successively built a number of benchmarking projects for many well-known enterprises at home and abroad, and 10,000-ton target automatic hydraulic presses, sanitary ware tunnel kilns and other products and production lines have been put into operation.
Capacity layout accelerates the gradual shaping of overseas building materials
Under the tide of globalization, more and more Chinese building materials enterprises are focusing on overseas markets, and Koda Manufacturing, which has been looking ahead as early as 2016, is relying on years of overseas experience and channel advantages to speed up the construction of production lines in Africa and the Americas to further seize market space and gain first-mover advantage.
During the reporting period, Koda Kesumu Sanitary Ware Factory, located in Kenya, East Africa, was officially put into production. At the same time, according to the previous announcement of Koda Manufacturing, Cameroon Ceramics Project and Tanzania Glass Project will also be put into production one after another this year. In addition, Koda Manufacturing launched preparations for the construction ceramic production project in Honduras in the first quarter, which is its first production project in Central America, and will gradually open up potential markets in the Americas and other regions in the future.
With the growing capacity layout in Africa and the expansion of markets in South and Central America, Koda Manufacturing is speeding up the construction of its overseas building materials business and making continuous progress towards its strategic goal of "10 billion building materials".
Continuous increase in production and marketing of lithium electric materials to reduce cost and increase efficiency
In the first quarter of this year, Koda Manufacturing continued to promote the production capacity release of negative materials according to market conditions and downstream customer demand, and the production and sales of finished products of negative materials increased significantly. At the same time, the company continues to deepen the path of cost reduction and efficiency, the core link of the cost reduction effect is significant. In addition, the company continues to increase technology reserves in line with the development trend of the industry, and continues to promote the research and development of a variety of products such as power battery anode materials, hard carbon, new silicon-carbon materials and so on.
In addition, with the recovery of downstream demand, lithium carbonate prices stabilized in the first quarter, driving Lanke lithium industry to achieve good year-on-year growth in production and sales in the first quarter. Data show that Lanke lithium industry 2024Q1 lithium carbonate output of about 8700 tons, sales of about 9900 tons, the final revenue of 777 million yuan, net profit of 231 million yuan, bringing 101 million yuan of investment income for Koda manufacturing. (Wen Sui)
Proofread: Peng Qihua
