DGAP-News: Decheng Technology AG

CORPORATE NEWS September 29, 2017

Decheng Technology AG: Report for first half of fiscal year 2017 published

- Revenues up by 14.61 % as compared to 2016

- CEO ZHU: "Adverse external effects have slowed us down"

Cologne, September 29, 2017. Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), a Chinese manufacturer of polyurethane resin and additives, today published the report for the first half of fiscal year 2017 (January 1 to June 30).

Consolidated revenue in the first half of fiscal year 2017 amounted to EUR 44.27 million, representing an increase of 14.61 % compared to EUR 38.63 million for the same period of the previous year. Gross profit for the period under review was EUR 15,247,656 (2016: EUR 15,702,008), representing a decrease by 2.89 %.

ZHU Xiaofang, the Company's founder and CEO, commented on the result of the first six months of fiscal year 2017: "Difficult market conditions in China combined with increasing raw materials prices have slowed us down. However, thanks to our research-driven approach and the efforts of our sales and marketing team, we were able to at least partially mitigate these adverse external effects. We hope to gather momentum in the second half of the year and are quietly optimistic that our new magnetic absorption material introduced earlier this year helps us to explore new markets and generate more revenue."

Decheng Technology AG's 2017 half-year report is available for download on the Company's website www.dechengtechnology.com > Investor Relations > Downloads

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, leather and electronic components. The production site is located in Quangang, Quanzhou City, Fujian Province, People's Republic of China. In fiscal year 2016, the Company achieved sales of EUR 75.8 million, an operating result of EUR 25.4 million and employed 119 persons. The shares of Decheng Technology AG are listed in the General Standard Segment of the Frankfurt Stock Exchange.