Huitong shares: revenue in the first half of the year was 2.5 billion yuan, and biodegradable materials business increased by 460% year-on-year

Latest News: On August 29, Huitong released the 2022 semi-annual report. According to the announcement, in the first half of 2022, the company achieved operating income of 2.446 billion yuan, a year-on-year increase of 10.64%, and a profit of 318 million yuan, a year-on-year decrease of 19.98%.


The content of the announcement shows that the company is mainly engaged in the research and development, production and sales of modified plastics, and is committed to providing customers with overall solutions for high-performance and functional materials. It is one of the largest modified plastics companies in China with the widest customer coverage. . The company’s products are rich in variety, excellent in performance and stable in quality. The company’s products are widely used in home appliances, automobiles, 5G communications, electrical and electronic, photovoltaic, medical, rail transit, home building materials, security, fast-moving consumer goods and other industries. It has established a cooperative relationship and has been widely recognized by customers.

The content of the announcement shows that the company’s new energy vehicles, biodegradable, photovoltaic, 5G communications, special engineering materials and other fields have achieved significant growth compared with the same period last year.

The announcement shows that the company achieved sales revenue of 632 million yuan in the automotive field, a year-on-year increase of 43.09%, of which new energy vehicles achieved sales revenue of 149 million yuan, a year-on-year increase of 216.35%.

The company has achieved technological breakthroughs in new energy vehicle materials, and has been assigned projects for mainstream new models such as BYD, Nezha, Xiaopeng, and Weilai.

During the reporting period, the company achieved sales revenue of 423 million yuan in market segments, a year-on-year increase of 52.07%. Among them, the biodegradable material business achieved sales revenue of 44.3023 million yuan, a year-on-year increase of 458.73%. The company has successfully developed degradable film materials, degradable straw materials, injection molding and extrusion materials, which are widely used in disposable products, medical, electrical and electronic fields, and has obtained 1 authorized invention patent and 1 patent in the actual trial.

In the field of photovoltaics, the sales revenue was 19.4903 million yuan, a year-on-year increase of 165.47%. The company has cooperated with a number of leading companies in the industry, including LONGi, JA Solar, Jinko, Canadian Solar, Chint, Suntech, etc. Some customers have achieved mass supply. In addition, the photovoltaic outdoor connector materials developed by the company solve the problems of high temperature and high humidity of similar materials, easy precipitation and corrosion of metals.

The company achieved sales revenue of 19.6261 million yuan in the field of 5G communications, a year-on-year increase of 95.29%. The company’s customers cover well-known domestic and foreign enterprises such as Huawei, Ericsson, ZTE, Comba, Tongyu and Fei Rongda, and the materials are widely used in 5G base stations, 5G antennas and other products.

It is reported that the company has invested in the establishment of Huitong Special Materials Technology Co., Ltd., which includes special nylons such as long-chain nylon, high-temperature nylon and transparent nylon, high-performance elastomers such as polyester elastomers, polyurethane elastomers and polyamide elastomers, as well as other special high-performance elastomers. Layout in the field of molecular materials to realize the construction of an integrated platform for the “polymerization-modification” industrial chain.