Huide Technology's revenue increased by 173% in the first half of the year, expanding product application areas

Huide Technology recently announced the 2021 semi-annual report.
In the first half of this year, the company's operating income and net profit were 1.
307 billion yuan and 55.
7573 million yuan, respectively, an increase of 172.
98% and 33.
70% over the same period last year
.
Among them, the sharp increase in revenue was mainly caused by the increase in production and sales volume after Fujian Huide was put into operation; the increase in net profit was not as high as the increase in sales, due to factors such as the increase in raw material prices and the increase in fixed costs due to the investment of the subsidiary Fujian project
.

The semi-annual report shows that the company's work focuses on increasing marketing and promotion efforts, quickly releasing the new production capacity of Fujian Huide, and increasing sales by increasing the application products of old customers and expanding new customers, achieving sales of 74,500 tons, a year-on-year increase of 100 %
.
Increase the application development and market expansion of low-carbon and environmentally friendly solvent-free resins and water-based resins.
The solvent-free polyurethane resin series has achieved the extension from automotive leather to sofas, shoes, luggage, automotive after-sales and other application fields, and won the China Plastics Processing Recognized as "Supplier of Water-based Materials for Synthetic Leather" and "Supplier of Solvent-Free Materials for Synthetic Leather" by the Professional Committee of Artificial Leather and Synthetic Leather of Industrial Association
.
At the same time, it will further strengthen the multi-product expansion in the shoe material market, as well as the application expansion of environmentally friendly hot melt adhesives in the fields of automotive interiors, personal protection, textiles and flexible packaging
.

In terms of elastomer and dope business, the company focuses on expanding the market application of the company's new thermoplastic polyurethane elastomer (TPU) on the basis of stabilizing the original products and customers, and has realized the transition from research and development to mass production, which has been successfully applied to mobile phone cases.
, shoe soles, pneumatic tubes and other product areas
.
In the first half of the year, the sales volume was 5,400 tons, a year-on-year increase of 4,300 tons
.
In the follow-up, we will further increase innovation and research and development efforts to rapidly increase the production and sales of TPU
.

It is worth noting that the production capacity of polyester polyols, as the main raw material for the production of polyurethane, has been increased with the commissioning of the first phase of the company's Fujian Huide
.
Since the second half of last year, the polyester polyol business has been actively sold, and a dedicated product marketing team has been established
.
Targeted and appropriate development of polyester polyol sales business, focusing on the production of environmentally friendly TPU, PUR hot melt adhesives, solvent-free adhesives, CPU elastomers and other fields
.
In the first half of this year, the sales volume was 15,300 tons, a year-on-year increase of 90%
.

In terms of technology research and development, Huide Technology has always attached great importance to the development and research of new products and new technologies.
It has established a provincial-level technology research and development center, continuously increased research and development investment, improved the technical content of products, and enriched product structure.
The annual research and development expenses account for the operating income.
The proportion is above 4%
.
As of the end of the first half of this year, the company has 32 validly authorized invention patents, 1 utility model patent, and 28 invention patents accepted for substantive examination
.

Regarding the plan for the second half of the year, the company said that due to the steady growth of terminal consumption and downstream demand, the downstream industries of textiles, luggage, shoe materials, refrigerators, automobiles and other major polyurethane downstream industries are expected to continue to soar, and raw material prices are expected to remain high
.
In this context, the company will insist on focusing on improving sales performance and market share, while strengthening the optimization of product structure and effective measures to reduce costs and increase efficiency, and on the basis of maintaining long-term and stable cooperation with major raw material suppliers, give full play to " The synergy and cooperation of the "two bases", through complementary advantages, synergistic cost reduction; continue to consolidate advantages in production control and marketing services, and improve the company's profitability
.
In terms of production, continue to strengthen the management of safe production to ensure the safe and stable operation of production, and at the same time promote the infrastructure construction of digital factories in an orderly manner; in terms of technology research and development, continue to increase investment in independent research and development projects and add more high value-added products , strengthen the development of green and environmentally friendly products
.