on February 11, 002953 responded to investors' concerns on the investor relations platform.
Investor: Hello Board Secretary! Is your company involved in the digital economy, Internet of Things, communications industry?
Secretary of the Board of Directors of Rifeng Shares: Dear investors, hello! Subsidiary Tianjin Yourong focuses on the research and development and production of power cables and communication cables for 5G base stations, involving the communication industry and other fields.
Investor: How many months is the rubber refining center expected to be able to trial production this year?
Secretary of the Board of Directors of Rifeng Shares: Dear investors, hello! The refinery center is expected to complete the installation and trial production of the equipment by the end of March this year.
Investor: During the 14th Five-Year Plan period of the country, vigorously promote the construction of IP6 and Gigabit optical fiber, does the company have relevant products or technical reserves?
Secretary of the Board of Directors of Rifeng Shares: Dear investors, hello! Tianjin Yourongticon, a wholly-owned subsidiary of the company, can produce optical fiber composite cables, which can mainly be used in 5G communication base stations.
Investor: What are the main new projects of the company Rifeng New Materials Company?
Secretary of the Board of Directors of Rifeng Shares: Dear investors, hello! Guangdong Rifeng New Materials Co., Ltd., a wholly-owned subsidiary set up by the company, mainly produces modified PVC, modified PE, synthetic rubber and other polymer materials, which are used in cable, communications and automotive fields. At present, the company is still in the planning and construction stage.
Investor: The company has acquired Yourong Tikang, is the relevant production capacity of the subsidiary increased compared with before the acquisition, and does the company have any plans to further expand the production capacity of the subsidiary? Thank you!
Secretary of the Board of Directors of Rifeng Shares: Dear investors, hello! Tianjin Yourong Tikang's production capacity has increased compared with before the acquisition. In recent years, the demand for communication equipment and 5G base stations is large, the market space is also large, the company will use the existing resource advantages to improve and expand the production capacity and efficiency of Tianjin.
According to the third quarterly report of Rifeng Co., Ltd. in 2021, the company's main revenue was 2.452 billion yuan, up 113.59% year-on-year; the net profit attributable to the mother was 121 million yuan, up 49.02% year-on-year; the deduction of non-net profit was 113 million yuan, up 40.35% year-on-year; among them, in the third quarter of 2021, the company's single-quarter main revenue was 940 million yuan, up 119.93% year-on-year; the single-quarter net profit attributable to the mother was 41.4548 million yuan, up 34.14% year-on-year. In the single quarter, the non-net profit was 40.2853 million yuan, up 33.48% year-on-year; the debt ratio was 50.87%, the investment income was 6.2327 million yuan, the financial expense was 28.4746 million yuan, and the gross profit margin was 13.82%.
A total of 1 agency has given a rating and a buy rating to the stock in the last 90 days. The Securities Star Valuation Analysis Tool shows that Rifeng Shares (002953) has a good company rating of 3 stars, a good price rating of 3.5 stars, and a valuation comprehensive rating of 3 stars. (Rating Range: 1 ~ 5 stars, maximum 5 stars)
The main business of Rifeng Co., Ltd. is the research and development, production and sales of electrical equipment and special equipment supporting cables
The chairman of the company is Feng Zhengjing. Mr. Feng Zhengjing: born in 1964, Chinese nationality, Republic of the Gambia, junior high school education, from 1990 to 2001, served as the legal representative of Zhongshan Tanbei Cable Company; From 1993 to 2001, he served as the legal representative of Zhongshan Deli Kitchenware Factory; From January 1996 to December 2009, he served as the executive director of Zhongshan Rifeng Cable Manufacturing Co., Ltd.; From December 2006 to December 2012, he served as the chairman of Zhongshan Nanguo Real Estate Development Co., Ltd.; Since February 2010, he has served as the executive director and manager of International Electrician; Since June 2012, he has served as a director of Hong Kong Ri Fung; Since March 2014, he has served as an executive director of Anhui Rifeng; Since October 2019, he has served as a director of Rifeng Intelligent; Since December 2009, he has served as the chairman of the company.
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