Decheng Technology AG, DE000A1YDDM9

Decheng Technology AG, DE000A1YDDM9

24.04.2017 - 10:51:15

Decheng Technology AG: Preliminary result 2016

CORPORATE NEWS April 24, 2017Decheng Technology AG: Preliminary result 2016 - Revenues 8,7% up as compared to the previous year - Gross profit increase of 7.9% - EBIT: EUR 25.4 million (+4.7%) - Company intends to continue its growth sustainably

Cologne, April 24, 2017. Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), a Chinese manufacturer of polyurethane resin and additives, today announced the preliminary result for fiscal year 2016 (January 1 to December 31).Increase in revenues, EBIT and gross profit The Group revenues in fiscal year 2016 amounted to EUR 75.8 million, corresponding to an increase of 8.7% as compared to 2015 (EUR 69.8 million). The gross profit in the period under review rose to EUR 28.8 million, corresponding to an increase of 7.9% as compared to the previous year. The result from operations (EBIT) also showed an increase and rose by 4.7% to EUR 25.4 million (previous year EUR 24.3 million).Business model focused on sustainable growth Speaking about the results today, CEO Zhu Xiaofang said: "We are very satisfied with the high single-digit increases both in result and in gross profits. For us the result of fiscal year 2016 is a confirmation of our business model focused on sustainable growth. We will continue on this path in 2017." The Company's complete annual report and accounts will be presented at a press conference on April 28, 2017.About Decheng Technology AG Decheng Technology AG is occupied with the research, development and the production of polyurethane resin and additives that enhance and improve the product features of textiles and leather. The production site is located in Quangang, Fujian Province, People's Republic of China. In fiscal year 2015, the Company achieved sales of EUR 68.8 million, a net profit (after tax) of EUR 17.9 million and employed 123 persons. The shares of Decheng Technology AG are listed in the General Standard Segment of the Frankfurt Stock Exchange. Contact: VPC Group Frankfurt Branch Bleichstr. 64-66 60313 Frankfurt Germany +49 69 175371963 ir@dechengtechnology.com  

24.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English

Company: Decheng Technology AG Martin-Luther-Platz 26 40212 Düsseldorf

Germany Phone: +49 (0)211-78179033 E-mail: contact@dechengtechnology.com Internet: www.dechengtechnology.com ISIN: DE000A1YDDM9 WKN: A1YDDM Listed: Regulated Market in Frankfurt (General Standard)   End of News DGAP News Service

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