Daily Economic News reporter learned that at present, Antai Venture holds 4.21 million shares of Belief Electric, which has increased more than twice since the beginning of the year.
On July 8, Antai Science and Technology Directors Secretariat said in an interview with Daily Economic News, Antai Venture not only holds confidence in electricity, but also includes other listed companiesstocks. Overall, in the first half of the year, stock investment returns were good, accounting for nearly half of the net profit.
_Net Profit of Antai Science and Technology (Unit: 10,000 yuan) Data Source: Zouli Mapping of Companys Financial Statement
In the first half of this year, Antai Technologiesnet profit is expected to be 65 million to 80 million yuan, an increase of 773.63% to 929.08% over the same period last year, and a loss of 964.92 million yuan over the same period last year.
As for the reasons for the substantial increase in performance, Antai Technologies said that thanks to the substantial reduction of losses in its amorphous and welding business, the company strengthened internal management, strictly controlled costs and increased overall gross profit margin. Not only that, the net profit of Antai Science and Technology increased sharply in the first half of this year, thanks to the improvement of the capital market. The company said that the stock market value of listed companies owned by Antai Pioneer Company has increased considerably and contributed to its business performance in the first half of the year.
Daily Economic News reporter learned that at present, Antai Venture holds 4.21 million shares of the listed company Belief Electric Company, the proportion of which is 0.31%, ranking the eighth largest shareholder of Belief Electric. On the last trading day of 2018, December 28, the closing price of Confidence Electric was 3.18 yuan per share, while on June 28, this year, the closing price of Confidence Electric was 7.32 yuan per share.
Rough calculation, only the first half of the stock price performance of Belief Electric, it has brought more than 17.4 million yuan investment income for Antai Venture. Tian Eye Check information shows that Antai Technology Holdings Antai Venture 100%.
Antai Science and Technology Directors Secretariat Office told Daily Economic News that Antai Start-up is still losing money from its stock ownership of Belief Electric in 2015, but in the first half of 2019, Belief Electric has a wave of growth, and in the same period, it has brought some net profits to the company.
Antai Technologies2018 report shows that the companys securities investment also includes listed companies such as Lance Technologies, Sanhuan Group, Belief Electric and National Porcelain Material. Under the bad stock market environment in 2018, the companys securities investment still made a profit of 4.02 million yuan.
Non-net profit deduction improved
As a high-tech enterprise, the companys R&D investment in recent years has continued to be less than 10%, but showing an increasing trend. From 2016 to 2018, R&D investment of the company was 146 million yuan, 177 million yuan and 255 million yuan, accounting for 3.73%, 3.81% and 5.05% of revenue respectively.
In recent years, Antais main technology industry has performed poorly. From 2016 to 2018, the non-net profit deducted by the company was - 59.665 million yuan, - 15.6147 million yuan and - 179 million yuan, respectively.
However, this situation improved in the first quarter of this year. Antai Technologys net profit deducted in the first quarter was 487.81 million yuan, which turned positive.
Benefiting from improved performance, Antai Technologiesshare price performance this year is also remarkable. From the beginning of the year to now, according to rough calculations by reporters, the increase has reached 87.48%.
On the specific development of the main industry in the first half of 2019, the company said to the Daily Economic News, At present, we do not have specific data, and we recommend that we pay attention to the follow-up announcement.
Source: Daily Economic News Responsible Editor: Yang Bin_NF4368