30-04-2017, 01:21 AM
(27-04-2017, 06:36 PM)gongkia Wrote: Sunsine just announced its 1st quarter results.
Net profit increased 70%.
One-off wonder or can sustain performance?
I don't think Sunsine is a one trick wonder. Sunsine is the market leader in accelerators with 31% PRC market shares and 18% world market shares. They are also the largest Insoluble Sulphur producer for PRC market. Their wide range of products are also well received by the market. RMB 57.2 million net profit in the traditional weaker 1Q is also beyond my expectation.If the trend keep up, there may be outside chance for RMB 100 million net profit for 3Q, the strongest quarter traditionally.