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On July 8, Gaomeng New Materials released the 2020 semi-annual performance forecast: last year's expected profit of 103 million - 115 million yuan, and a profit of 89.
577 million yuan in the same period last year, a year-on-year increase of 15% -28%
.
Gaomeng New Materials said that the reasons for the changes in performance were explained:
In the first quarter, in the face of the severe epidemic, the company made concerted efforts and united efforts to resume work and production earlier, ensure customer delivery, and minimize the adverse impact of the epidemic on production and operation; in the second quarter, benefiting from the "big consumption" business , brand influence, product competitiveness and the joint efforts of the team and other factors, the company's business and income have still achieved a certain degree of growth in the context of the economic downturn;
At the same time, the company continued to adjust and optimize its product structure, improve product competitiveness, and maintain a reasonable average product price and gross profit margin.
In addition, the period expenses dropped significantly.
The above positive factors have all brought about a large increase in the company's net profit
.
According to the data, the main business of Gaomeng New Materials is divided into two categories: one is the adhesive material business.
Since its establishment in 1999, the company has been focusing on high-performance polyurethane adhesive materials.
While providing customers with adhesive material products, it also strives to Provide personalized and systematic bonding solutions for them.
The product categories include composite polyurethane adhesives for plastic flexible packaging, ink bonding materials, polyurethane adhesives for high-speed rail, and composite adhesives for reflective materials.
There are more than 100 types of products.
It is used in important industries or fields such as packaging, printing, transportation, safety protection, household appliances, and building materials
.