Zhengzhou Sifangda Company Announces 2013 Results

Sifangda (300179) announced on the evening of February 14 that in 2013, the company realized a total operating income of RMB 152.033 million, an increase of 14.84% over the same period of last year; realized an operating profit of RMB 36,205,500, an increase of 13.01% over the same period of last year; and realized a total profit of RMB 39,984,400, an increase over the same period of the previous year. 1.29%; realized a net profit attributable to shareholders of listed companies of 32,745,400 yuan, a year-on-year decrease of 5.69%.

According to the company, the reason for the change in performance is: In 2013, the company's acquisition of Zhengzhou Huayuan Superhard Materials Co., Ltd. led to a 14.8% increase in operating income, while the company strengthened its internal management, resulting in an increase in operating profit of 4.17 million yuan, but due to receipt Government subsidies decreased by 3.35 million yuan and the company donated 500,000 yuan. The net profit attributable to shareholders of listed companies decreased by 1.954 million yuan, down 5.69% year-on-year.

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