Longxing Titanium has a revenue of 97.05 million yuan in 2017 and a net profit of 10.04 million yuan

The 2017 report of Longxing Titanium Industry (870491) recently announced that as of December 31, 2017, the operating income was 97.
051 million yuan, an increase of 35.
53% over the same period of the previous year; the net profit attributable to shareholders of the listed company was 10,035,800 yuan , An increase of 150.
51% over the same period last year; basic earnings per share was 0.
89 yuan, compared with 0.
36 yuan in the same period last year
.
As of December 31, 2017, Longxing Titanium's assets totaled RMB 5,056,600, an increase of 8.
68% over the same period of the previous year; the asset-liability ratio was 54.
39%, a decrease of 17.
83 percentage points from 72.
22% in the same period of the previous year
.
The net cash flow from operating activities for the current period was RMB 3.
6699 million, compared with RMB 2.
5244 million in the same period last year
.
During the reporting period, Longxing Titanium's gross profit margin was 33.
18%, compared with 25.
72% in the previous year.
The gross profit margin has increased.
The main reason is that the company's business scale has increased significantly, resulting in fixed labor costs and equipment depreciation.
In the case of small cost changes, the unit cost is reduced, which leads to an increase in gross profit margin.
In addition, the company's production process is constantly improving, which is also a factor in the increase in gross profit margin
.