An angle grinder, also known as a side grinder or disc grinder, is a handheld power Tool used for grinding (abrasive cutting) and polishing. Although developed originally as tools for rigid abrasive discs, the availability of an interchangeable power source has encouraged their use with a wide variety of cutters and attachments.
Angle grinders can be powered by an electric motor or compressed air. The motor drives a geared head at a right-angle on which is mounted an abrasive disc or a thinner cut-off disc, either of which can be replaced when worn. Angle grinders typically have an adjustable guard and a side-handle for two-handed operation. Certain angle grinders, depending on their speed range, can be used as sanders, employing a sanding disc with a backing pad or disc. The backing system is typically made of hard plastic, phenolic resin, or medium-hard rubber depending on the amount of flexibility desired.
Electric Angle Grinder,lithium electric tool Behappy Crafts (suzhou)Co.,Ltd , https://www.jshaoyue.com
According to this calculation, the company achieved a net profit attributable to shareholders of the listed company in the second quarter of 0.03 to 0.07 billion yuan, compared with 10 million yuan in the same period of last year. According to the latest share capital, the EPS in the second quarter was 0.01 yuan, and the EPS in the same period last year was 0.02 yuan. EPS is 0.01 yuan.
The performance in the first half of the year has declined, and the sales revenue in the second quarter has increased.
Sifangda is the only listed company in the domestic composite superhard materials industry. It is the world's third largest supplier of polycrystalline diamond drawing die. The four main products are petroleum flakes, mining flakes, wire drawing dies and blades. Therefore, the company's products are widely used. Oil drilling and mining, wire and cable and other fields. Although the company introduced the replacement of composite superhard materials and the substitution of hard alloys, the company's product sales in the second quarter increased by a quarter-on-quarter. However, due to the large fluctuations in the industry in the first half of the year, the production and sales activities were affected by it, and the company's sales revenue declined in the first half of the year. Net profit attributable to shareholders of the company decreased from 0.08 to 0.12 billion yuan compared with the same period of the previous year, compared with 0.22 billion yuan in the same period last year. In addition, the non-recurring gains and losses in the first half of the year affected the net profit of 2.95 million yuan, which partly hedged the impact of operating sales.
The oil and gas industry is picking up and internal synergies
1) Since the second half of 2014, oil prices have been unilaterally down. By January 2016, Brent crude oil prices have even fallen below $30, the lowest level in nearly a decade. In the context of the sluggish crude oil price, crude oil exploration activities were suppressed. However, the recent rebound in crude oil prices, oil prices rebound or will drive oil mining investment, thereby promoting the company's demand for related drilling products. 2) The company introduced the advanced information management system--SAP to replace the previous U8 system, which is expected to realize enterprise integrated management and improve the integration ability of the entire enterprise business, thereby gaining internal synergy and improving internal capital flow, logistics and information. Streaming integrated management capabilities helps increase efficiency and reduce internal costs. 3) With the long-term technical accumulation and unique patent technology support, the technical performance of the composite super-hard materials is far ahead of the domestic similar products. In the first half of 2016, two new patents were obtained, further consolidating the leading position in domestic super-hard materials production. 
Sifangda: Future performance or benefit from the recovery of oil and gas industry
Abstract Sifangda released the 2016 semi-annual performance forecast. During the reporting period, the company achieved a net profit attributable to shareholders of the listed company of 0.08~12 million yuan, compared with 22 million yuan in the same period last year. According to this calculation, the company achieved net profit attributable to shareholders of listed companies in the second quarter...
Sifangda released the 2016 semi-annual performance forecast. During the reporting period, the company achieved a net profit attributable to shareholders of the listed company of 0.08~12 million yuan, compared with 22 million yuan in the same period last year.