Kiulit 30% loss of affected gross profit margin

Kiulit last night published performance letters, the first half of this year to achieve a net profit of 38.2019 million yuan, the year-on-year decrease of 29.13%, earnings per share of 0.18 yuan, the year-on-year decrease of 48.57%. The company said that the first half of the products to achieve high-end and high value-added products sales volume is not much, the traditional business market competition is increasingly fierce directly led to the overall gross profit margin of the company's product decline. The first half of the main raw materials of stainless steel plate price fluctuations caused the stainless steel welded pipe margin level lower than a year earlier.