Concentration Technology's net profit for the first three quarters of 2012 reached 100 million yuan, an increase of over 18%
On October 18, Concentration Technology released the first three quarters of 2012 performance report. From January to September 2012, the total revenue of Concentration Technology was approximately 599 million yuan, a year-on-year increase of approximately 14.99%; the total profit was approximately 120 million yuan, an increase of 29.68%; the net profit attributable to shareholders of listed companies was approximately 100 million yuan, a year-on-year increase. 18.76%.
As for the reason for the increase in net profit, Concentration Technology stated that as the government attaches more importance to the environmental protection field, various policies are gradually implemented, and the company's core competitiveness and brand effect are initially reflected, together with the acquisition of Beijing Jitian Instrument Co., Ltd. The company's performance is good, and the company actively responds to the situation of poor metallurgical and petrochemical industries, so that the company's main business continues to grow;
In addition, concentrating technology said that the company increased its marketing investment, R&D investment and labor cost increase, and the company's sales expenses and management expenses increased rapidly. During the reporting period, the company strengthened fund management, which resulted in significant savings in financial expenses. During the period, the company actually received a VAT over-tax negative tax rebate and financial subsidies, which increased the company's net profit.
As for the reason for the increase in net profit, Concentration Technology stated that as the government attaches more importance to the environmental protection field, various policies are gradually implemented, and the company's core competitiveness and brand effect are initially reflected, together with the acquisition of Beijing Jitian Instrument Co., Ltd. The company's performance is good, and the company actively responds to the situation of poor metallurgical and petrochemical industries, so that the company's main business continues to grow;
In addition, concentrating technology said that the company increased its marketing investment, R&D investment and labor cost increase, and the company's sales expenses and management expenses increased rapidly. During the reporting period, the company strengthened fund management, which resulted in significant savings in financial expenses. During the period, the company actually received a VAT over-tax negative tax rebate and financial subsidies, which increased the company's net profit.
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