Meirui New Materials: Sales of high-performance polyurethane new materials increased by 9.68% after deducting non-net profit

On the evening of August 28, Meirui New Materials released its semi-annual report: In the first half of 2023, the external environment will become more complex and severe, the domestic economy is in a stage of moderate recovery, and the demand is still insufficient. The overall TPU market demand is relatively stable. The company actively responds and gives full play to Differentiated technological innovation advantages, development and promotion of high-performance polyurethane new material products, achieved sales growth despite poor demand. Due to the decline in upstream raw material prices and sluggish downstream demand, the market price of TPU decreased year-on-year. During the reporting period, the company realized operating income of 719 million yuan, a year-on-year decrease of 9.37%; realized net profit of 51 million yuan, a year-on-year decrease of 7.79%; The net profit of sexual profit and loss was 49 million yuan, a year-on-year increase of 9.68%.

The company has achieved a series of breakthroughs in market development, R&D innovation, and project construction. In the first half of 2023, the company will further deepen cooperation with existing customers, and diversify and expand product sales channels by participating in domestic and foreign industry exhibitions, new media publicity and other online and offline methods; completed the sales channel construction of some polyurethane new material products , Carried out segmented market development; Meirui Technology completed the formation of the sales team, and carried out the early business promotion and customer reserve work.

As a R&D-driven new material enterprise, the company always pays attention to R&D investment and product innovation, grasps the mainstream direction of high-end products and technologies, and conducts research, development and marketing of new products and new processes according to strategic planning. In the first half of 2023, the company will continue to increase investment in research and development, continuously improve the performance of existing products, and continue to introduce new products that meet the needs of the market and customers. In 2023, the company and its subsidiaries will newly authorize 3 international invention patents, 10 domestic invention patents, 4 utility models, and 15 domestic trademarks.

In the first half of 2023, the first phase of the company's polyurethane new material industrial park project in Hebi, Henan Province will start construction in the fourth quarter of 2022. The project will build an annual output of 120,000 tons of special isocyanate integration and supporting public and auxiliary projects, aiming at the needs of end customers Make an integrated solution for upstream monomers and downstream materials. At present, the project has completed the construction of some monomers and roads, and some equipment has been installed. According to the project construction plan, it is expected to be completed and put into operation in 2024. The integrated elastomer project with an annual output of 200,000 tons located in the Dajijia factory in Yantai, Shandong Province will start construction in early 2022. After the project is completed, the company's TPU production capacity will be further increased, forming a scale advantage, which will help resist the risk of raw material price fluctuations. At present, part of the production capacity of the project is about to be completed and put into operation.