日機密封(300470.SZ)上半年營收增45.59%至4.49億元
格隆匯8月22日丨日機密封(300470.SZ)公佈2019上半年業績,公司實現營業收入4.49億元,比上年同期增加45.59%,實現歸屬於上市公司股東的淨利潤1.03億元,比上年同期增加40.26%。
收入大幅增長的原因是公司下游石油化工行業維持較高景氣度,產品市場需求保持旺盛,公司市場地位穩步提升,高端新產品推廣成效顯著,帶來訂單增長且公司增擴產能逐步釋放。利潤增長幅度小於收入增長幅度的主要原因是受競爭加劇影響,增量業務收入的毛利率有所下降,同時因收購優泰科和華陽密封產生的成本費用攤銷,以及授予實施完成的2018年限制性股票激勵計劃產生的費用攤銷,導致利潤增幅進一步降低。由於公司收到的貨款中現金增加,因此,報告期內經營現金流同比有所增加。這些指標的變動趨勢符合機械密封行業的規律,也充分體現了公司“通過主機佔領終端”的發展策略。
報告期內,公司制定的兩期產能擴張計劃均已達產,因前期產能不足、限制接單的情況得到改善,產品生產及交付週期明顯縮短,在產能得到合理利用的同時,公司也逐步放開接單條件,避免出現產能過剩。在華陽密封實施的增擴產能計劃,目前進度低於預期,主要受驗收手續辦理的影響,但所需人員、設備已基本到位,安裝調試工作同步進行,預計年底前投產。下一步,公司還將繼續調整產線佈局,總體思路為在適度擴大產能的情況下,通過提升自動化水平和信息化水平來提高生產效率和管理效率。
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