Revenue exceeded expectations and results were lower than expected. In 2014, the net profit of the company's income increased by 22%/-32%, respectively. We had previously forecasted 18%/10%, and the fourth quarter revenue increased by 40% year-on-year mainly because of the production of artificial large single crystal and synthetic diamond wire. The promotion of saws is ideal. The decline in profit was mainly due to the fact that the company's non-public offering was not completed, and the capacity needed to be transformed and expanded, resulting in a rapid increase in financial expenses. In addition, management fees have increased as new products are put into production.
Large single crystal volume, performance reversal is close at hand. With the expansion of synthetic diamonds into large single crystal products, the company's gem-quality large single crystal production capacity will be significantly increased in 2015. The price of large single crystals is several hundred yuan to one thousand yuan per carat, which is more traditional than traditional man-made. The benefits of diamond products will increase significantly, and we expect the company's gross margin to increase significantly. With the funds raised and the capacity put in place, the expense rate will also usher in the downward turning point, and the performance reversal is clear.
Large-scale wire saw customers can be opened up. In the first three quarters of 2014, the wire saw contributed 12 million yuan. This time, the 100% quota increase project for major shareholders will expand the production capacity from 150 million meters/year to 500 million meters/year. It will be accelerated, and late-stage PV and sapphire customers will be able to develop.
Risk warning: The slower rate of non-public offerings makes the expansion of production funds not timely.
Electric hand drill is a drilling Tool powered by AC power or DC battery. It is a kind of hand-held electric tools.
Hand electric drill is the largest sales of power tools industry products, widely used in construction, decoration, furniture and other industries, used in the object on the opening or piercing objects, some industries are also known as electric hammer.
The main components of the hand electric drill: drill chuck, output shaft, gear, rotor, stator, housing, switch and cable.
Electric hand drill (pistol drill) - used for drilling metal materials, wood, plastic, etc. When equipped with a positive and negative switch and electronic speed regulating device, it can be used as an electric screwdriver. Some models are equipped with rechargeable batteries, which can work normally without external power supply for a certain period of time.
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