Sales of 3D printers fell by 100%, and two times three losses increased

Er Cheng San recently released the 2020 semi-annual report. In the first half of 2020, the company realized operating income of 1,416,376.59 yuan, a year-on-year decrease of 75.44%; net profit attributable to shareholders of the listed company was -2,022,612.19 yuan, an increase in year-on-year loss.

At the end of the reporting period, the company’s total assets were RMB 17,533,378.44, a decrease of 17.02% from the beginning of the period; the net assets attributable to shareholders of the listed company was RMB 16,250,054.58, a decrease of 11.07% from the beginning of the period. It is understood that the two-by-three operating income for the current period decreased by 75.44% compared with the previous period, mainly due to the impact of the decline in product sales during the current period. Among them, the sales of 3D printers decreased by 100%, mainly due to the peak of 3D Printing equipment replacement and the impact of this year’s epidemic. , Customers do not have new equipment; sales of 3D printing materials fell by 46%, mainly due to the decline in sales volume; 3D printing sales fell by 64.49%, mainly due to the combined impact of downstream customers affected by this year’s epidemic, business volume decline, and product price declines . Gross profit margin: This period has decreased by 20.49 percentage points compared with the previous period, mainly due to the impact of this year’s epidemic. Income has fallen sharply, while fixed expenditures such as wages of production personnel, equipment depreciation, and rent have relatively little changed, resulting in an increase in the cost rate of main operations. , The gross profit margin dropped sharply. Operating costs: The current period decreased by 68.73% compared with the previous period, mainly due to the impact of the decline in operating income.

Operating profit: The current period decreased by 28.31% compared with the previous period, mainly due to the decrease in revenue during the current period and the decrease in gross profit. The decrease in expenses during the period was lower than the decrease in gross profit. According to the data from Wubai.com, the two-by-three production operation is mainly to purchase 3D printing equipment and printing wax and other raw materials.

Among them, the purchase of 3D printing equipment is based on the company’s printing service development needs to order on the one hand, and on the other hand, according to the purchase and sale contract signed by the customer, through the domestic company designated by the international supplier to purchase and sell the complete set to the customer. The company’s procurement of raw materials and tools for 3D printing services is mainly for regular procurement, and a quarterly procurement plan is formulated according to the sales plan and inventory; in addition, the company will also arrange temporary material procurement through procurement approvals according to temporary needs. After comparing and selecting the performance and accuracy of different brands of 3D printing equipment and materials, the company chose 3D Systems, the company that mainly sold the world’s earliest research and development of 3D printers, as the main product and service terminal supplier. “