Yahua Group, Jiangnan Chemical, Poly United…Who is the most profitable civil explosive products enterprises


This paper is the second part of the enterprise value series, and a total of 13 civil explosive products enterprises are selected as research samples.Profitability evaluation indexes include return on equity, return on total assets, gross profit margin and net profit margin, and operating data of the recent five years are taken as reference.Data are based on history and do not represent future trends;It is for static analysis only and does not constitute investment advice.From the perspective of roe in the past five years, huhua, Jin Aobo, Gaozheng Civil Explosive and Tongde Chemical exceeded 10%, among which huhua’s roe reached 13.16% on average.Huhua’s main business is committed to the research and development, production and sales of all kinds of civil explosives, and to provide customers with specific engineering blasting solutions and blasting services.The main products are industrial explosives, industrial detonators, industrial cables, detonators, blasting services.In terms of revenue composition, the revenue of detonating equipment accounted for 47.56%, and the gross margin was 49.58%.Industrial explosives revenue accounted for 34.67%, gross margin 50.05%;Blasting service revenue accounted for 14.38% and gross margin 53.79%.From the perspective of the return on total assets in the past five years, huhua Stock, Jin Aobo, Tongde Chemical, Gaozheng Civil Explosive, Cathay Group, Guangdong Hongda and other six enterprises exceeded 5%, among which The average return on total assets of Jin Aobo reached 9.18%.The main business of Jin Aobo is to provide customers with one-stop comprehensive services of complete sets of technology, intelligent equipment, software system, key raw and auxiliary materials and industrial explosives for the production of civil explosive equipment.In terms of revenue composition, the revenue of key raw and auxiliary materials of industrial explosives accounted for 42.62%, and the gross margin was 16.91%;Industrial explosives revenue accounted for 20.93%, gross margin 34.37%;Industrial explosive production equipment system revenue accounted for 15.21%, gross margin 59.16%.From the perspective of gross profit margin in the past five years, huhua Share, Gaozheng Civil Explosive, Tongde Chemical, Jiangnan Chemical, Guotai Group and other five enterprises exceeded 40%, among which gaozheng Civil Explosive’s average gross profit margin reached 46.28%.The main business of Gaozheng Civil explosive is the scientific research, production, sales, storage and transportation of civil blasting equipment, and the design and construction of blasting engineering services.The main products are industrial explosives, industrial pipes, industrial cables, transportation services, blasting services.In terms of revenue composition, blasting service income accounted for 81.78%, and gross margin 32.02%;Industrial explosives revenue accounted for 11.78%, gross margin 52.52%.From the perspective of net interest rate in the past five years, huhua Stock, Gaozheng Civil Explosive, Tongde Chemical, Jin Aobo, Cathay Group, Jiangnan Chemical and other six enterprises exceeded 10%, among which tongde Chemical’s average net interest rate reached 15.55%.Tongde Chemical’s main business is the research and development, production, sales (circulation) of civil explosives, as well as to provide customers with the overall solution of blasting engineering.The main products are industrial explosives, engineering blasting, white carbon black, civil explosive equipment.In terms of income composition, engineering blasting income accounted for 53.04%, and gross margin 46.98%;Industrial explosives revenue accounted for 35.52%, gross margin 37.97%.Profitability of civil explosive products enterprises?Note: In the profitability list, the score of all indicators is converted in accordance with the ratio of 10/13, and the comprehensive score is the average of all indicators.If an indicator has a value but no score (i.e. the table is blank), the weight of the indicator will decrease.

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