Ceramic Industry News

China Ceramics Announces Increased Second Quarter Revenue

August 27, 2010
/ Print / Reprints /
ShareMore
/ Text Size+

China Ceramics Co., Ltd. has announced that revenue for the second quarter ended June 30 increased by 18.9% to RMB 272.3 million (approximately $39.8 million) compared to the first quarter ended March 31, and increased by 29.5% compared to the 2009 second quarter. The sequential increase in revenue was driven primarily by higher sales volume. The year-over-year increase in revenue was mostly driven by a 21.8% increase in volume from 8.7 million square meters to 10.6 million square meters in the second quarter of 2010, as well as a 5.9% increase in average selling prices as a result of price increases in the second half of 2009. The growth in volume was mainly due to production capacity contributed by the Gaoan plant acquisition in January; the facility accounted for 26.7% of production volume in the quarter. In addition, outsourced manufacturing accounted for 18.3% of production volume in the quarter.

Gross profit was RMB 84.8 million (~ $12.4 million) in the 2010 second quarter, up 22.4% from RMB 69.3 million (~ ?) in the 2010 first quarter and up 40.6% from RMB 60.3 million (~ $8.869 million) for the 2009 second quarter. Gross margin was 31.2% compared to 30.2% in the first quarter of 2010 and 28.7% for the same period last year. The sequential increase in gross profit was driven by the increase in sales volume, and the year-over-year increase in gross profit was mostly driven by the increase in sales volume and average selling prices.

For more information, visit www.cceramics.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

May 2014 Issue Highlights

Our May 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px