The whirlwind of the Yellow River: the net profit of the interim report was 182 million, an increase of 72.73%.

Abstract The Yellow River Cyclone released the 2016 interim report, achieving an operating income of 1.157 billion yuan, a year-on-year increase of 36.57%, and a net profit of 182 million yuan, a year-on-year increase of 72.67%. Among them, the subsidiary Mingxi intelligently realized operating income of 269 million yuan, net profit...
The Yellow River Cyclone released the 2016 Interim Report, achieving an operating income of 1.157 billion yuan, a year-on-year increase of 36.57%, and a net profit of 182 million yuan, a year-on-year increase of 72.67%. Among them, the subsidiary Mingxi intelligently realized operating income of 269 million yuan and net profit of 79.09 million yuan.

The main business is still growing steadily, focusing on new carbon materials
The company's main business is based on super-hard materials and is a leader in the field of domestic super-hard materials and products. Despite the current macroeconomic downturn, the company's traditional main business remains stable. The company's various businesses have grown steadily in the first half of the year. At the same time, the company is taking advantage of super-hard materials and is transforming into a broader consumer-grade diamond industry. The production capacity of the large single crystal diamond industrialization project is expected to contribute to the performance in the future.

Ming craftsman intelligence continues to grow at a high speed, and smart manufacturing business is getting better
The subsidiary Mingshi Intelligent continued its rapid growth in the first quarter, achieving operating income of 269 million yuan and net profit of 79.09 million yuan. The performance of Mingshi in the first half of the year has greatly exceeded the annual performance commitment. From the perspective of the company's recent order quality and quantity, the smart manufacturing business has gradually matured, and the new business model has opened up a broad space for future growth. Mingshi cuts into the core of Industry 4.0 with a unique technical approach, focusing on the direction of industrial communication and factory-level system integration, which truly caters to the pain points of domestic manufacturing. Some of the projects led by the company have become national demonstration projects for intelligent manufacturing. It still maintains strong competitiveness in the field of domestic intelligent manufacturing. With the stable scale of the team, the second half of the year will continue to usher in high-speed growth, and the company is expected to become a leading enterprise in smart manufacturing this year.

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