This is not an incomprehensible decision. 20 1 1, Le Kai Film realized an operating income of 827 million yuan and a loss of 55,925,500 yuan. The annual report shows that the operating profit rate of color photographic materials and New Materials is only 6.66%.
Le Kai official website shows that its predecessor was the First Film Factory of the Ministry of Chemical Industry. At the end of 1990s, Le Kai's domestic market share of color film and photographic paper reached 25% and 20% respectively, keeping pace with Eastman Kodak Company (NYSE:EKEK.N. N) and Fuji Company. During the period of 1995, the annual film sales in Le Kai once reached nearly 50 million volumes.
At that time, Kodak was suffering from the pain of transformation, and in the following years, it has been "slimming" by selling departments and splitting business. However, in June 5438+10 this year, Kodak formally filed for bankruptcy protection, which meant that the company was defeated in the ever-changing technological changes. In contrast, the operating conditions of Le Kai Film are not as deep as Kodak's.
In the first half of 20 12, the operating conditions of Le Kai films have been greatly improved. The semi-annual report shows that during the reporting period, the company realized the main business income of 483 million yuan, a year-on-year increase of 25.67%; The net profit was 8,884,654,38+0,000 yuan, up 65,438+0,865,438+0% year-on-year. The main reasons for the improvement of performance include the expansion of sales of new products and silver salt products and the increase of sales revenue, which shows that its transformation has achieved results.