Huitian New Materials’ net profit in the first half of 2022 was 182 million, a year-on-year increase of 22.32%

Latest News: On August 8, Huitian New Materials recently released the 2022 semi-annual report. During the reporting period, the company achieved operating income of 1,899,630,600.20 yuan, a year-on-year increase of 34.83%; net profit attributable to shareholders of the listed company 182,203,427.77 yuan, a year-on-year increase of 22.32%.

During the reporting period, the net cash flow from operating activities was RMB 127,264,305.01, and the net assets attributable to shareholders of the listed company were RMB 2,349,104,075.33.

During the reporting period, the company realized an operating income of RMB 1,899,630,600.20, a year-on-year increase of 34.83%, which was mainly due to the expansion of the sales scale and the increase in orders in the current period. Selling expenses amounted to RMB 69,804,264.00, a year-on-year decrease of 3.65%, mainly because the company strengthened the settlement management of freight charges. According to the provisions of the new revenue standard, the company listed the freight charges incurred by the products sold as operating costs this year, resulting in a decrease in the total sales expenses for the current period.

According to the data, Huitian New Materials is a high-tech enterprise specializing in the research and development, production and sales of new materials such as adhesives. At present, its main business products include high-performance silicone, polyurethane adhesive, epoxy resin adhesive, anaerobic adhesive, acrylate adhesive, etc. Engineering Adhesives and
solar energy
Battery back film, the products are widely used in photovoltaic new energy, communication electronics, smart home appliances, automobile manufacturing and maintenance, rail transit, construction machinery, green flexible packaging, high-end construction and many other fields. In addition, the company uses the existing sales channels in the automobile industry to sell some non-adhesive products, mainly automobile brake fluid and other chemicals for automobile maintenance.