Taihe New Materials issued half-year results, with a net profit of 291 million yuan, a year-on-year decrease of 33.83%

Latest News: Taihe New Materials released the 2022 semi-annual report, achieving an operating income of 1.952 billion yuan, a year-on-year decrease of 8.19%. The net profit attributable to shareholders of listed companies was 291 million yuan, a year-on-year decrease of 33.83%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 262 million yuan, a year-on-year decrease of 39.09%. Basic earnings per share are 0.43 yuan per share.

In the first half of 2022, the downstream demand market for spandex was sluggish, and new production capacity continued to be released, resulting in a sharp drop in prices. At the same time, the price of raw materials remained high, and the company’s spandex segment profit fell sharply. However, the company’s production and operation, park construction, deepening reform and other work With solid progress, the sales volume, income and profitability of the aramid fiber segment have risen to a higher level, and the comprehensive strength of the company has been significantly improved. Affected by this, in the first half of 2022, the company’s operating income decreased by 8.19% year-on-year; the net profit attributable to shareholders of listed companies decreased by 33.83% year-on-year.