Huitian New Materials officially released its semi-annual report, with a revenue of 2.08 billion yuan! Profit increased by 22.60% year-on-year!

On August 25, Huitian New Materials released the report for the first half of 2023. The report shows:

In the first half of 2023, the domestic economy showed a recovery growth trend, but it still faced problems such as insufficient demand, and the economic recovery was not as expected; the foreign environment became more complicated, geopolitical conflicts continued, and the overall growth of the global economy was sluggish. During the reporting period, facing the complex and changing market environment and various risks and challenges, the company continued to deepen its main business, committed to breakthroughs in key businesses, insisted on making progress while maintaining stability, being pragmatic and efficient, constantly optimizing organizational management and resource input, and strengthening cost management. Control, continue to promote the improvement of business scale and profitability, and maintain a good momentum of high-quality development. the

During the reporting period, the company achieved operating income of 2,080,813,600 yuan, a year-on-year increase of 9.54%; realized net profit attributable to shareholders of listed companies of 223,383,900 yuan, a year-on-year increase of 22.60%.

Operating conditions in various fields

The company's photovoltaic new energy business has maintained a good momentum of development. Relying on its advantages in brand, scale, technology, and talents, it has maintained a high share of supply to leading customers in the industry and maintained its leading position in the industry. The newly released water-blocking series products have sent samples to many benchmark customers, and the transparent grid backsheet has rapidly increased in volume at customers; during the reporting period, the company's photovoltaic silicone shipments increased significantly year-on-year, but affected by the decline in the price of main raw materials, Sales revenue increased by about 18% year-on-year, and the gross profit margin of the product has been restored to a certain extent; the product structure of solar cell back film has been further optimized, and the gross profit margin of the product has continued to increase. the

In the electronic and electrical business field, facing the impact of raw material prices and the decline in demand from downstream industries, the company has deepened the stock market, realized the introduction of new customers in batches, cultivated high-value products, and deployed incremental business. PUR hot melt adhesives, conformal paints, and epoxy bottoms The rapid increase in volume of fillers and other benchmark customers in the fields of consumer electronics, chip packaging, and automotive electronics has helped the overall sales to achieve a slight year-on-year growth, and the gross profit margin of products has increased significantly. the

In the first half of the year, the domestic auto market demand recovered steadily. The company seized opportunities and accumulated a lot of money. The sales revenue in the field of transportation equipment manufacturing and maintenance business increased by 56.95% year-on-year. On the basis of guaranteeing the batch supply of rubber products, the cost control was strengthened, and the profitability level was further improved. The batch orders of negative electrode rubber products were implemented, and the business growth in the later period can be expected; Significant year-on-year growth; the vaporization business strengthened the elite strategy, channel breakthroughs, management upgrades, and returned to the growth channel. the

In terms of export business, the company continued to consolidate its competitive position in photovoltaic silica gel, maintained a high and stable market share, and continued to develop new customers. In the first half of the year, nearly 10 new customers began to start volume; Vietnam, Australia and other regions have become the TOP brands in the regional market one after another, and electronic rubber products have made substantial progress in benchmarking customers in South Korea, Taiwan and other regions. The proportion of income has reached 15.55%.

Committed to R & D and innovation, reserve new business growth momentum During the reporting period, the company continued to invest in R & D in major business areas such as photovoltaic new energy, chip packaging, consumer electronics, and new energy vehicle power batteries, gain insight into industry development trends, and increase resource investment and allocation. Enhance project interaction with major customers, and promote product innovation and technological progress. the

R & D investment

In the first half of 2023, the company invested 79.4239 million yuan in research and development expenses. The company and its subsidiaries have obtained 13 invention patent authorizations and 17 invention patent applications; key scientific research projects have been carried out in an orderly manner. Glue, epoxy underfill glue, UV glue, chip bonding glue, lithium battery negative electrode glue and other products have achieved technological breakthroughs or achieved mass market volume.

Capacity upgrade

In the first half of the year, the company's annual output of 30,000 tons of photovoltaic silicone sealant production line, annual output of 10,000 tons of lithium battery polyurethane glue production line, annual output of 15,000 tons of lithium battery electrode adhesive production line, annual output of 36 million square meters of solar battery back film production line It has been completed and put into production one after another, effectively improving the company's supply capacity to customers in the photovoltaic new energy, new energy vehicles and power battery industries, and ensuring business development. the

At the same time, the company continues to increase investment in production line automation, informatization, and intelligence, promotes the optimization and streamlining of front-line positions, strengthens production process management, and improves per capita labor productivity; continuously optimizes production processes, improves material consumption, strengthens quality control, and production operations Efficiency and cost effectiveness were further improved.