DGAP-News: Decheng Technology AG

DGAP-News: Decheng Technology AG: Successful First Half-Year 2016

DGAP-News: Decheng Technology AG / Key word(s): Half Year Results Decheng Technology AG: Successful First Half-Year 2016

26.09.2016 / 12:41 The issuer is solely responsible for the content of this announcement.

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CORPORATE NEWS September 26, 2016

Decheng Technology AG: Successful First Half-Year 2016

- Consolidated income increases by 5.31%

- Net profit: +16.97%

Cologne, September 26, 2016. Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), has presented the interim report for the first half-year 2016 (January 1 to June 30) at a press conference in Frankfurt. Decheng Technology AG is a Chinese manufacturer of polyurethane resin and additives which are used to enhance the product properties of textiles and leather.

Increase in income and profit Consolidated revenue in the first 6 months of fiscal year 2016 amounted to EUR 38.63 million, representing an increase of 5.31% compared to the same period of the previous year (EUR 36.68 million). Driven by a 5.31% increase in revenue as well as a decrease in raw material prices, gross profit showed an increase of 12.12% in the first half of fiscal year 2016. Net profit is EUR 10.83 million, representing an increase of 16.97% as compared to the same period of fiscal year 2015. Earnings per share thus amounted to EUR 0.35 (previous year EUR 0.30).

Xiaofang Zhu, CEO of Decheng: "We are happy with what we have achieved so far even if the share price did not reflect this at all times. We will continue to focus on Research and Development and to improve our products and expect a positive result for 2016."

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

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26.09.2016 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.

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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 ---------------------------------------------------------------------------

505479 26.09.2016