On October 13, 2021, Stanley (002588.SZ) announced that it is expected that the net profit attributable to the shareholders of the listed company in the first three quarters of 2021 will be 346.8 million yuan, an increase of 70.03% year-on-year; of which the net profit attributable to the shareholders of the listed company in the third quarter will be 69.9134 million yuan, an increase of 6.25% year-on-year. The reasons for the change in performance are as follows:
1. The gross profit of the company's product units in the reporting period increased slightly compared with the same period, and the company made full use of the advantages of funds to do a good job in strategic procurement of raw materials, and made multiple product price adjustments according to the rise of raw materials and downstream demand, ensuring the gross profit space of the product and bringing about the growth of gross profit.
2. The company deepens the management intensity, strengthens the reasonable control of expenses, and pays attention to fund management, and the monetary funds increase over the same period, thereby achieving a substantial increase in financial interest income and improving operating profits.
This article originated from Grand Gateway