Kangda New Materials released the 2023 semi-annual report

On the evening of August 21, Kangda New Materials (002669) released the 2023 semi-annual report. During the reporting period, the company realized operating income of 1.28 billion yuan, a year-on-year increase of 17.81%; realized net profit attributable to shareholders of listed companies of 36.0438 million yuan, a year-on-year increase of 345.66%.

Regarding the growth of performance, Kangda New Materials said that it was mainly due to the following aspects. During the reporting period, the price of raw materials for the company's main products in the adhesive sector showed a downward trend, which played a positive role in the recovery of the company's performance; at the same time, the company optimized the overall operating efficiency , Continue to improve profitability, so that the operating performance of the adhesive sector has increased compared with the same period last year.

In addition, during the reporting period, the impact of non-recurring gains and losses on net profit was about 49 million yuan, mainly due to the negative goodwill formed by the acquisition of Chengdu Saiying Technology Co., Ltd. during the reporting period, resulting in non-operating income of about 44 million yuan.

In 2018, Kangda New Materials started the pace of extension mergers and acquisitions and entered the field of electronic technology. In 2021 and 2022, Weixin Technology and Caijing Optoelectronics will be acquired respectively, entering the fields of electronic information materials, new energy materials, and medicine, creating the "second growth pole" of new materials, and actively transforming into the field of advanced new materials.

In the first half of 2023, the company will improve the industrial chain of the electronic technology sector through the acquisition of Saiying Technology; the acquisition of Crystal Technology will realize the company's in-depth development in the field of advanced ceramic materials, fill the country's gap in the field of new materials, and strive to achieve import substitution.

In terms of research and development, during the reporting period, the company invested 66.6295 million yuan in research and development, a year-on-year increase of 51.68%. As of June 30, 2023, the company has obtained a total of 267 authorized patents, including 140 invention patents and 127 utility model patents; it has led and participated in the formulation of 39 international, national, industry and group standards.

According to public information, the main business of Kangda New Materials is divided into three major sectors: adhesives and special resin new materials, electronic information materials and electronic technology. After the layout and development in recent years, the company has formed a new material development model with adhesive series products as the main chain and composite material series products as the auxiliary support. The product series design is reasonable, and the added value and technical content of the products follow the extension of the industrial chain. And keep improving. The company has rapidly transformed from a single chemical adhesive product production enterprise to a new material production and research and development enterprise. In the first half of 2023, the company acquired Saiying Technology. Saiying Technology is committed to combining microwave technology with digital technology, and serving three major categories of products: embedded software microwave hybrid integrated circuits, microwave hybrid integrated circuits, complete machines and systems. Airborne, ship-borne, missile-borne and other platforms, the products mainly provide support for radar, electronic countermeasures and communication systems. After the layout and development in recent years, the company has persevered in creating a national-level specialized and special small giant enterprise cluster of "new materials + electronic technology", forming an invisible champion enterprise with "hard technology" strength in line with the national strategic development direction.