Power Diamond: Net profit in the first quarter is expected to increase by 128%-152% year-on-year _ Securities Times

Securities Times e Company News, Power Diamond (301071) announced on the evening of March 27 that it is expected to achieve a net profit of 93 million yuan to 103 million yuan in the first quarter of 2022, a year-on-year increase of 127.89%-152.40%. During the reporting period, the sales proportion of the company’s high-margin product cultivated diamond business increased significantly; the market demand for industrial diamond products was strong, the supply was tight, and the price increased significantly compared with the same period last year. The company’s fundraising projects have been put into production one after another, and the output has grown rapidly.