Hubei Dinglong’s headquarters
The company expects profits to rise by up to 20 percent increase in the first half of the year.
Reuters reported that “increased sales of colour polymerisation toner” and “increased profit” from their Wuhan based subsidiary are among the main reasons for the increased profit forecast. The company expects to see net profits rise from 15 percent to 35 percent, or from CN¥71.9 million ($11.5 million/€10.5 million) to CN¥84.4 million ($13.5 million/€12.3 million). Net profits in the same period last year were CN¥62.5 million ($10 million/€9.1 million).
James Chen, Deputy General Manager of Hubei Dinglong Chemical, said: “It is reassuring to see in a challenging market, high quality chemical colour toner can continue to show growth and maintain profit. Our sector is attacked with low cost and variable quality products; it is rewarding to see that the industry’s key players are turning more to high quality, cost-competitive materials like the ones produced by Hubei Dinglong.”
Ian Copsey, General Manager for Europe added: “It is excellent to see global growth for our colour polymerisation toner business. The last 12 months have seen us introduce a number of new products for both the copier and printer colour models. Of course this is a reflection of our total business, but I am pleased to say we make good progress in Europe with new customers and additional lines. The commitment to quality is evident in these newer applications and their relatively fast take up in the printer and copier channels.”
Earlier this year, the company launched a new subsidiary that would be “engaged in internet technology development and consulting”.
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