Source: Xingfa group, Huitian new material
Xingfa group: net profit of 301 million in the first three quarters, down 23.08% year on year
On October 26, Xingfa group issued the third quarter report of 2019: in the first three quarters of 2019, the operating revenue reached 14.474 billion yuan, an increase of 1.01% year on year; the net profit attributable to shareholders of the listed company was 301 million yuan, a decrease of 23.08% year on year; the net profit attributable to shareholders of the listed company after deducting non recurring profit and loss was 292 million yuan, a decrease of 50.35% year on year;
According to the announcement, during the reporting period, the global economic growth slowed down, the domestic macroeconomic downward pressure increased, and the chemical market demand was generally weak. In particular, the market price of organosilicon fell sharply year on year, and the profitability of organosilicon series products declined significantly. Affected by this factor, the company realized a year-on-year decrease of 23.08% in net profit attributable to the parent company in the first three quarters.
Since the third quarter, influenced by the environmental protection of the yellow phosphorus industry in Southwest China, the price of yellow phosphorus products has fluctuated greatly in different stages. At present, the price of yellow phosphorus products has gradually stabilized and is at a relatively high level in history. The supply side reform of yellow phosphorus Market strongly promoted the recovery of phosphorus chemical market, and the profitability of yellow phosphorus, phosphate and glyphosate plates of the company was significantly stronger than that in the first half of the year. At the same time, the company vigorously promoted the loss reduction and efficiency increase of the loss plate, Xinjiang Xingfa has realized turning loss into profit, and Xiangyang Xingfa and other subsidiaries have achieved significant loss reduction effect. At the same time, affected by the peak demand season and the reduction of supply and maintenance of some devices in the industry, the market price of silicone rebounded in stages. In response to the positive changes in the above market, the company actively seized the favorable market situation, organized production and operation scientifically, and realized a net profit of 177 million yuan attributable to the parent company in the third quarter, an increase of 129.87% month on month compared with the second quarter, showing a significant improvement trend in business performance.
Huitian new material: in the third quarter, the revenue reached 489 million yuan, a year-on-year increase of 128.48%
October 22 - Huitian new material disclosed the third quarter report of 2019. From January to September 2019, the company realized an operating revenue of 1.365 billion yuan, an increase of 2.43% year on year; the net profit attributable to the shareholders of the listed company was 147 million yuan, an increase of 33.43% year on year. Among them, in the third quarter, the revenue reached 489 million yuan, an increase of 25.04% year-on-year; the net profit attributable to shareholders of the listed company was 43253600 yuan, an increase of 128.48% year-on-year.
Huitian new material focuses on the R & D and production of new materials such as adhesives. Since its listing in 2010, its business indicators have been increasing year by year, and its revenue has doubled in the past nine years. In the first three quarters of 2019, the company took the lead in the import substitution of adhesives and became the first choice for the import substitution of benchmark customers' products. At the same time, the company's gross profit in new energy glue, electronic communication glue, high-speed rail glue, green environmental protection soft packaging glue, high-end construction glue and other businesses has increased significantly, foreign trade business has been developed, and the company's overall profitability has been significantly improved.
In July 2019, the company set up a special communication business department to serve Huawei projects. At present, dozens of products have passed the technical quality verification and batch supply, which is expected to double year by year in the future. Huitian new material said that the adhesive for communication electronics belongs to high-performance organic silica gel, which is mainly used for sealing and bonding of electronic appliances. In the past, it mainly relied on imports. The cooperation with Huawei and other companies helped the company compete with international giants in the high-end product market and successfully realize import substitution.
In addition, during the reporting period, the company's high-speed rail glue, environmental protection soft packaging glue, high-end construction glue and other businesses grew rapidly. From January to September, the sales revenue of the company's construction adhesive increased by more than 20% year on year, and the gross profit increased by 56% year on year in the third quarter. Vanke, CSG, yaopi, Longhu and other high-quality benchmark customers continued to break through. In the third quarter, the company won tens of millions of orders from CRRC Zhuzhou and tangche, successfully introduced new projects such as Zhuji urban rail and Dalian Xi'an metro, and reported frequent technical cooperation with CRRC group; solvent-free green environmental protection The batch use of five top customers of packaging glue has exceeded 120 million yuan in sales revenue.
Huitian new material Huitian new material is a high-tech enterprise specializing in the research, development, production and sales of adhesives and new materials. Its main business products include high-performance organic silica gel, polyurethane adhesive, acrylate adhesive, anaerobic adhesive, epoxy resin adhesive and other engineering adhesives and solar cell back film. At present, it has four production bases in Shanghai, Hubei, Guangzhou and Changzhou, with a total area of more than 5 The project will be put into operation by the end of this year.
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