Amway shares issued pre-profit, estimated half-year net profit of 170 million to 180 million yuan
Latest News: Amway disclosed its 2022 semi-annual performance forecast. The company expects that the semi-annual net profit attributable to shareholders of listed companies is 170 million to 180 million yuan, a year-on-year increase of 149.27% to 163.93%; Net profit attributable to listed companies after recurring gains and losses was 15 million to 20 million yuan, a year-on-year decrease of 69.94% to 77.46%.
During the reporting period, the prices of bulk raw materials rose by about 20-40% year-on-year, and the average price of natural gas rose by more than 30%. Although the price of the company’s products showed an upward trend, the price adjustment speed and range were slower than that of raw and auxiliary materials, and the operating profit was affected. During the reporting period, the company has completed the transfer of assets and other work, and confirmed a net income of 159 million yuan. During the reporting period, the company invested about 70.599 million yuan in research and development expenses, an increase of about 14.109 million yuan or about 25% over the same period of the previous year.
According to the data, Amway Co., Ltd. was established in 1994. The company mainly produces and operates ecological functional polyurethane composite materials. It is currently the largest enterprise specializing in R&D and production of ecological functional polyurethane synthetic leather and composite materials in the country. “Strong Enterprise” and ranked first in the comprehensive ranking, it is the “National Manufacturing Single Champion Demonstration Enterprise” recognized by the Ministry of Industry and Information Technology.