On the evening of April 24, Huafon Microfiber disclosed its financial report for 2022, showing that the company achieved operating income of 4.239 billion yuan in 2022, a year-on-year increase of 2.34%; the net profit attributable to shareholders of listed companies was- 354 million yuan. According to the annual report, because the operating performance of the acquisition target Weifutong failed to meet the original expected target, Huafon Microfiber further impaired the goodwill formed by the acquisition of Weifutong by 346 million yuan. Indicators made an impact.
Weifutong is positioned as a software technology service provider and value-added service provider in the field of mobile payment. In 2022, residents' consumption and offline sales will be affected by domestic and foreign environments. The mobile payment industry will face certain challenges. Weifutong will achieve an annual operating income of 377 million Yuan, a year-on-year decrease of 23.85%, this business accounts for 8.89% of Huafon Microfiber's total revenue in 2022.
From the perspective of the main business sector, Huafon Microfiber's main microfiber business will achieve operating income of 3.862 billion yuan in 2022, a year-on-year increase of 5.9%. Among them, the nylon business department, the automobile business department, and the microfiber foreign trade sector have all achieved "full sales and full production".
Specifically, in terms of Huafon Microfiber's nylon business unit, as the production capacity of the nylon 6 project gradually increases to 80,000 tons in 2021, the industrial chain of nylon 6-microfiber materials has built an integrated competitive advantage; Initial results have been achieved in new product development and overseas market promotion.
In the automotive segment, Huafon Microfiber established the automotive business department in 2022, and the company continues to increase product research and development and customer expansion in the automotive field. At present, the company has provided automotive interior materials for nearly 100 models of Changan Automobile, FAW-Volkswagen, FAW-Audi, Hongqi, Shanghai Volkswagen, BYD, Weilai and many other car companies, opening up new fields and new markets. In 2022, the automotive business unit will achieve a year-on-year growth of over 50% in sales, a year-on-year increase of over 100% in fixed-point projects, and successfully won several key model projects.
In addition, Huafon Microfiber stated that the company has continuously achieved new breakthroughs in the development and use of bio-based materials instead of traditional petroleum-based materials. The self-developed all-water-based microfiber will open up the entire process in 2022. Based on the green manufacturing process, the company created the high-end brand reGen™ (Ruizhijin®), actively deployed the suede market, focused on terminal brand cooperation, and increased the promotion of high value-added products.
Huafon Microfiber also proposed that in terms of microfiber business, in 2023, it will take "steady progress and quality improvement, low-carbon transformation, innovation and efficiency enhancement" as the main line of work, and start the "two strong" battle (strong brand, strong system), and fight Win the battle of "two excellences" (optimized structure and excellent team), and win the battle of "two increases" (increased sales volume and increased net profit).
Specifically, the "two increases" battle refers to doing everything possible to expand sales and go all out to expand suede; to realize the team building of brand businesses such as shoes, clothing, and home furnishing and to achieve multi-point flowering; to further expand international business; to use The advantage of superfiber being close to the C-end strengthens the cultivation of consumer business; at the same time, with digitalization as the starting point, cultivate 1688 stations, Made in China, Alibaba International Station and other sites. In terms of the automobile business unit, strive for new breakthroughs in sales and new fixed-point projects, and strive for the successful implementation of key projects; promote the layout of global channels and establish overseas offices.