Changhong High-tech: Profits increase by 59%, and the profits of degradable plastics business account for half of the country
Latest News: On August 29, Changhong Hi-Tech released the 2022 semi-annual report. During the reporting period, thanks to the official operation of Changhong Bio, a wholly-owned subsidiary of the company, a net profit of 71 million yuan was realized, accounting for 53.43% of the company’s net profit. At the same time, the company actively responded to changes in the external environment. On the basis of continuing to do a good job in epidemic prevention and control and stable operation, it seized downstream market opportunities, improved production and operation efficiency, and carried out a series of optimizations on the company’s product structure. In the end, the company’s overall operating income was 1.424 billion yuan, an increase of 83.66% over the same period of the previous year, of which the main business income was 1.242 billion yuan, an increase of 103.99% over the same period of the previous year, and the net profit attributable to the parent was 133 million yuan, an increase of 59.34% over the same period of the previous year. %.
The content of the announcement shows that the company has been focusing on business development in the field of TPES since its establishment, and the company’s main business has not undergone major changes during the reporting period. At the same time, the company plans to build a 600,000-ton/year fully biodegradable thermoplastic industrial park PBAT/PBS/PBT flexible and flexible production project. The first 120,000-ton/year project in the first phase has been completed and put into production.
The company plans to invest in the construction of a 600,000-ton/year fully biodegradable thermoplastic industrial park PBAT/PBS/PBT flexible and flexible production project. The first 120,000-ton/year project in the current phase has been completed and put into operation. The total design scale and completed production capacity are ranked in National front. The announcement shows that the company arranges production based on factors such as raw material prices, profit levels, market supply and demand, flexibility and versatility of devices and other factors, and has been producing PBT before. Production and sales of PBAT have already begun. The company is firmly optimistic about the future development of the degradable plastics industry, and will continue to actively promote the follow-up construction of the PBAT project with an annual output of 600,000 tons, and practice the concept of green development with practical actions.
In the second half of 2022, Changhong Hi-Tech will continue to optimize the product structure in accordance with the 2022 business plan, accelerate the promotion of the new product ES series, actively engage with downstream applications, further expand the application in the field of automotive lightweight, and launch it as soon as possible. CH series of new products and put on the market. In the future, the company will increase the research and development in the fields of photovoltaic film, adhesive, robot shell, etc., and promote the comprehensive replacement of EVA material by ES series products in the field of photovoltaic film and adhesive. Changhong Bio will continue to actively promote the follow-up construction of the PBAT project with an annual output of 600,000 tons, further tackle key problems to improve product performance, stabilize and increase production, reduce production unit consumption costs, and at the same time extend downstream to produce modified products and downstream products. Always adhere to the “3H” product strategy, that is, high-end product quality, product diversification, and product sales terminal.