Shenzhen Enrich Electronics Co.,Ltd

On August 17, Kangdexin announced that the company's operating income in the first half of 2018 was 7.241 billion yuan, and the net profit attributable to shareholders of listed companies was 1.513 billion yuan, up 19.66% and 20.58% respectively.

The increase in the company's operating results during the reporting period was mainly due to the following reasons:

(1) The endogenous elements of the company's main business continued to develop:

(1) Continue to launch new markets and new capacity. Enter more market segments through product development and innovation.

(2) Through the research and development of product structure adjustment, new products continue to develop and move toward high-end; gradually move from technology introduction to technology guidance, from import substitution to occupying domestic and foreign high-end markets.

(3) Optimize the customer structure, and the proportion of first-line customers continues to increase. At present, the company has covered all levels of customers in the market and has become a mainstream supplier to first-line customers in many fields.

(4) Continuously optimize and enhance the advantages brought by the whole industry chain platform, including cost advantages, supply chain advantages, and the advantages of rapid development and iteration of new products, etc., to improve the company's operating level and core competitiveness.

(5) Continuously carry out internal lean production management, continuously improve production capacity, optimize costs, reduce staff and increase efficiency, save energy and reduce consumption, and improve production efficiency of enterprises.

(6) From focusing on the speed of enterprise development to focusing on the quality of business management. Continue to strengthen accounts receivable, cash flow management and ROE level to ensure the continued healthy and steady development of the company.

(2) Exogenous growth factors

During the reporting period, while focusing on the development of “endogenous”, the company also paid attention to the development of “exogenous” and built a matrix business operation mode through the strategy of dual-track coordinated development. The company actively carries out market layout through joint ventures, mergers and acquisitions, etc., leveraging global resources, developing technology and market cooperation, combining its own advantages and world-class resources to rapidly expand and strengthen the Chinese market, and then establish business and brand power internationally. .

Kang Dexin said that at present, the international economic situation and the financial market environment are undergoing dramatic changes. On the one hand, the downstream sectors of the company have experienced uncertainties in growth and even decline. On the other hand, the upstream raw material prices of the company continue to rise, which is the development of enterprises. Brought a severe test. Faced with such an external environment, in the second half of 2018, the company will develop a policy of “light assets, adjustment, cash control, and steady growth” with the theme of safety and stability, and work hard in the field of polymer materials. Enhance product performance and market share in multiple market segments such as electronics, automotive construction, smart display, photovoltaics, and home appliances, and seize the market opportunity of high-end materials import substitution, and steadily promote the construction of optical film second-phase projects and other new production capacity. The launch of new products will enhance the quality of business while maintaining steady growth.