On February 28, Huitian new material (300041) recently released the announcement of 2019 annual performance express. The total operating revenue in 2019 was 1.88 billion yuan, an increase of 8.06% over the same period of last year; the net profit attributable to shareholders of listed companies was 157 million yuan, an increase of 32.27% over the same period of last year.
According to the announcement, Huitian new material's total assets were 2.725 billion yuan, an increase of 13.13% over the beginning of the reporting period; its basic earnings per share was 0.3801 yuan, a year-on-year increase of 0.279 yuan.
It is understood that this year, the company will seize the development opportunity of the industry, continue to promote the strategy of key customers and accelerate the import substitution of products. In terms of R & D, the company focused on key application areas and products, increased R & D investment and technological achievements transformation, continuously optimized and upgraded its product structure, broke technical barriers of foreign enterprises in the high-end application field of adhesives, and expanded its import substitution share; in terms of market, the company deepened cooperation with strategic key customers, significantly increased the share of key customers, and enhanced its position in the advantageous application field, In the emerging business markets such as 5g communication, new energy glue, high-speed rail transit glue, etc., the growth is obvious, and the product export business continues to develop rapidly, reaching a new record; in the aspect of internal control, the cost control is strengthened, the application effect of assessment and incentive mechanism is remarkable, and the comprehensive competitiveness of the company is obviously enhanced. At the same time, the cost of raw materials decreased, the comprehensive gross margin of products increased, and the company's operating performance showed a sustained and stable growth trend.
As of December 31, 2019, the company's total assets are 2724622600 yuan, liabilities are 1047959500 yuan, and the asset liability ratio is 38.46%, which is at a low level in the industry and has strong anti risk ability.
According to the data, Huitian new material is a high-tech enterprise specializing in the research, development, production and sales of adhesives and new materials. At present, its main business products cover high-performance organic silica gel, polyurethane adhesive, acrylate adhesive, anaerobic adhesive, epoxy resin adhesive and other engineering adhesives and solar energy battery back film, which are widely used in automobile manufacturing and maintenance, electronic appliances, led, rail transit New energy, construction machinery, soft packaging, high-end construction and many other fields. In addition, the company uses the existing sales channels of the automobile industry to concurrently operate some non adhesive products, mainly for automobile brake fluid and other automobile maintenance chemicals.
Source: http://www.cninfo.com.cn/new/disclosure/detail? Orgid = 9900009192 & announcement id = 1207328888 & announcement time = 2020-02-28